knock-for-knock agreement

短语

[经] 各自负责协议

词形变化

knock-for-knock agreements 复数 knock-for-knock agreements

释义与例句

n.
  1. 1.

    An arrangement between multiple insurance companies in which each company pays the losses incurred by its own policyholders in an event, regardless of who was at fault (now rarely used outside of motor insurance).