Words / L / Business

loading

noun/ˈləʊdɪŋ/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

An amount added to the base premium to reflect above-average risk, expenses or a required profit margin.

A substantial loading was applied to the premium because of the driver's recent motoring convictions.

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.

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More business words: Insurance & risk