English Explanatory Dictionary

knock-for-knock agreement

English dictionary entry

Meanings

noun
  1. 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).

Word forms

knock-for-knock agreement knock-for-knock agreements

Synonyms

knock-for-knock clause knock-for-knock contract
This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on K Russian dictionary Dahl dictionary