Glossary entry (derived from question below)
Finnish term or phrase:
omapidätys
English translation:
retention
Added to glossary by
Spencer Allman
Oct 9, 2003 07:58
21 yrs ago
Finnish term
Markm2003 (X)
omapidätys
Finnish to English
Bus/Financial
It is a reinsurance term -seems to refer to the sum a insurance is responsible for themselves in the event of a claim, i.e. the amount not covered by reinsurance.
Proposed translations
(English)
| 1 | retention |
Spencer Allman
|
Proposed translations
20 mins
Selected
retention
Could that be it?
4 KudoZ points awarded for this answer.
Comment: "A quick search on the web suggests that "retention" is the correct term, so many thanks."
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