| 单词 | reinsurance to close |
| 释义 | reinsurance to close = RITC The practice of syndicates at Lloyd's of London by which future liabilities for policies are carried over to a new year. Syndicates of investors at Lloyd's have to renew their legal status every year by reforming as a new syndicate (usually with the same members). Before the end of each year syndicates must cover any future liabilities for policies written during that year. They therefore reinsure such outstanding policies by means of a premium with the newly formed syndicate; this practice is known as reinsurance to close. |
| 随便看 |
|
英汉经管词典收录了5297条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。