knock-for-knock agreement

listen to the pronunciation of knock-for-knock agreement
İngilizce - İngilizce

knock-for-knock agreement teriminin İngilizce İngilizce sözlükte anlamı

knock-for-knock agreement
An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policy-holders in an event regardless of who was at fault (now, used almost only for motor insurance)
knock-for-knock agreement