reinsurance
English Thesaurus
1. sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured (noun.possession)
| hypernym | : | insurance, |
| definition | : | promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company (noun.possession) |
| derivation | : | reinsure, |
| definition | : | insure again by transferring to another insurance company all or a part of a liability assumed (verb.communication) |
| derivation | : | reinsure, |
| definition | : | insure again by transferring to another insurance company all or a part of a liability assumed (verb.communication) |
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