Meaning of the word: Participation
Participation is a supplement in the treaty, where is listed the information about the contribution to the indemnity by the insured person himself. If the damage caused by the insured, the indemnity shall be reduced just about participation. Participation is measured as a percentage, the amount ranges from 10% to 1%.back to dictionary >
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LTV or Loan To Value is a financial term, which express the ratio between loan and value of an asset purchased. This term is usually used by banks,…go to the dictionary >
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