Words / E / Business

excess of loss

noun

C2CEFR level
85/100Rarity: very rare
TechnicalRegister

Reinsurance paying only the portion of a loss above an agreed retention, up to a set limit.

The excess-of-loss layer kicks in above five million, capping our per-event downside.

Topic: Insurance & risk in Business English

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.

Get words like excess of loss on your lock screen, a few a day, with review that makes them stick.

Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
QR code that opens Lexfall on the App Store
On a computer?Scan with your iPhone camera.

More business words: Insurance & risk