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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Clearing period is the period, when regular clearing is carried out. For example mobile network tarifs are usually clearing every mouth, so the…go to the dictionary >
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