Business Glossary
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ratio of losses paid or accrued by an insurer to premiums earned, usually for a one-year period.
See also bad debtrelationship of incurred losses plus loss adjustment expense to earned premiums.
Finance:loan losses of a bank or receivables losses of a corporation compared to all debt of that class.
Insurance:ratio of losses paid or accrued by an insurer to premiums earned, usually for a one-year period.
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

