FACULTATIVE (BASIS),

FACULTATIVE (BASIS) Definition:

1. Insurance A type of insurance contract where each risk is reinsured, especially in a separate contract. Since each insurance item is considered a separate offer, which the desired insurer accepts or rejects, this procedure has been largely replaced by traditional methods. (See and see the basis of the agreement)

Literal Meanings of FACULTATIVE (BASIS)

FACULTATIVE:

Meanings of FACULTATIVE:

1. This does not happen naturally, but in response to circumstances.

Sentences of FACULTATIVE

1. The difference between collective skin color and component pigmentation is a function of total sun exposure

BASIS:

Meanings of BASIS:

1. Support or justify an idea, argument or action.

Sentences of BASIS

1. Trust is the only basis for good cooperation

Synonyms of BASIS

centre, basis, root, starting point, base, source, origin, foundation, cause, kernel, core, heart

FACULTATIVE (BASIS),

FACULTATIVE (BASIS) Definition:

• A type of reinsurance arrangement where each risk is reinsured exclusively in a separate contract. Since each element of reinsurance is treated as a separate offer, subject to acceptance or rejection by the airline, METD has largely been replaced by the traditional basis. (See insurance and contract basis again).

Literal Meanings of FACULTATIVE (BASIS)

FACULTATIVE:

Meanings of FACULTATIVE:

1. It appears voluntarily in response to circumstances and not naturally.

Sentences of FACULTATIVE

1. Optional adjustment based on competition

BASIS:

Meanings of BASIS:

1. The resources or foundations on which an idea, argument or action is based.

FACULTATIVE (BASIS),

What is The Definition of FACULTATIVE (BASIS)?

• A type of reinsurance arrangement where each risk is reinsured exclusively in a separate contract. Since each insurance element is treated as a separate proposal, with or without being accepted by the airline, the METD has been largely replaced by the basic agreement. (See insurance and contract basis again).

Literal Meanings of FACULTATIVE (BASIS)

FACULTATIVE:

Meanings of FACULTATIVE:

1. Which is optional in response to the situation and not naturally.