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Excess-Loss Meaning In Bengali
Excess-Loss শব্দের বাংলা অর্থ কি: বাড়তি লস
Excess-Loss
Definition
1) The term 'Excess-Loss' refers to the amount by which an insurance company's losses exceed the limit set by a reinsurance agreement, resulting in the insurer having to bear the additional costs themselves.
2) In the context of finance, 'Excess-Loss' can also describe a situation where an investor experiences losses beyond what is considered normal or expected for a given investment or market conditions.
3) In general usage, 'Excess-Loss' may refer to any situation where there is an overabundance of loss or damage beyond a certain threshold or acceptable level.
Examples
Excess-Loss Example in a sentence
1) The insurance company had to cover the excess-loss after the policyholder's claim exceeded the coverage limit.
2) The company budgeted for potential excess-losses in their financial planning.
3) The excess-loss from the storm damage was more than the homeowner had anticipated.
4) It's important for businesses to assess potential excess-loss scenarios to protect their financial stability.
5) The excess-loss coverage helped minimize the financial impact of the unexpected event.
6) The excess-loss provision in the contract outlined the responsibilities in case of unforeseen circumstances.
7) Failure to prepare for excess-loss scenarios could result in financial hardship for individuals and businesses.
8) The excess-loss coverage kicked in when the medical bills surpassed the insured amount.
9) Adjusting insurance policies to account for potential excess-losses can provide peace of mind.
10) In times of economic uncertainty, it's crucial to have a financial buffer to absorb excess-losses.
Synonyms
Encyclopedia
The term 'Excess-Loss' refers to the amount by which an insurance company's losses exceed the limit set by a reinsurance agreement, resulting in the insurer having to bear the additional costs themselves.
In the context of finance, 'Excess-Loss' can also describe a situation where an investor experiences losses beyond what is considered normal or expected for a given investment or market conditions.
In general usage, 'Excess-Loss' may refer to any situation where there is an overabundance of loss or damage beyond a certain threshold or acceptable level.
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