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词汇 knock-for-knock agreement
释义

Definition of knock-for-knock agreement in English:

knock-for-knock agreement

noun
British
  • An agreement between insurance companies by which each pays its own policyholders regardless of liability.

    〈英〉各自负责协议(保险公司之间的协议,规定不管责任如何,各公司只赔付自己的投保人)

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