knock-for-knock agreement

noun

Definitions

  1. An arrangement between multiple insurance companies in which each company pays the losses…

    An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).

The neighborhood

Vish — recursive loop

No curated loop yet for knock-for-knock agreement. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA