captive
B1CEFR level
40/100Rarity: uncommon
TechnicalRegister
An insurance subsidiary set up by a company to underwrite the risks of its own parent group.
The multinational routed its product-liability cover through a Bermudan captive to control costs.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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