tipping basket
C2CEFR level
95/100Rarity: very rare
TechnicalRegister
Law noun
An indemnity threshold that, once crossed, unlocks recovery of the entire loss rather than only the excess.
With a tipping basket, the buyer just needed claims to nudge past one percent before the whole amount became recoverable from the first dollar.
Business noun
An indemnity threshold that, once crossed, exposes the seller to the entire loss rather than only the excess above it.
It's a tipping basket, not a deductible, so once claims clear two million they owe from dollar one.
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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