Expected Loss Ratio | Insurance Glossary

Definition of "Expected loss ratio"

Robert McKee

BHHSNJ - Jersey Properties Group

Proportion of a premium allocated to pay losses, which is equivalent to (1.00 - expense ratio).

A capital asset. An expenditure to buy property and other capital assets that generate revenue. ...

Figure in a mortality table derived by dividing the number of people dying during a given year by th ...

Net profit of a business, less dividends. Reinvestment of retained earnings enables an insurance com ...

Survey measurement that is 16.5 feet long. ...

Clause in legal contracts that excuses a given party to the contract from liability for unintentiona ...

Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

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