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单词 under-insurance
释义

under-insurancen.

Brit. /ˌʌndərɪnˈʃʊərəns/, /ˌʌndərɪnˈʃʊərn̩s/, /ˌʌndərɪnˈʃɔːrəns/, /ˌʌndərɪnˈʃɔːrn̩s/, U.S. /ˌəndərᵻnˈʃʊrəns/
Etymology: under- prefix1 5(b).
Insurance (of goods, property, etc.) at less than their real value.
ΘΚΠ
society > trade and finance > financial dealings > insurance > [noun] > act of insuring
surance1547
assurance1622
hedginga1631
insuring1647
over-insurance1755
self-insurance1829
insurance1878
under-insurance1893
1893 Standard (Boston) 20 May 518/1 Mr. Goodwin considers the tendency toward under-insurance of safe risks as the cause of the general requirement of the 80 per cent coinsurance clause.
1930 F. E. Wolfe Princ. Prop. Insurance ix. 147 Underinsurance is ignored if the practice is followed by fixing rates from time to time.
1949 R. S. Sharma Insurance Princ. & Pract. xxiv. 268 One of the difficulties in arriving at a scientific basis of rating in fire insurance is of under-insurance.
1976 Business Week 5 July 24 The hazards of underinsurance..exploded in Mississippi as a massive liquidity crisis triggered the..‘bank holiday’.
This entry has not yet been fully updated (first published 1986; most recently modified version published online March 2022).
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n.1893
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