knock-for-knock agreement
Word Rarity
Rare
Frequency: Zipf frequency 3.99 in modern English
48
Scrabble Score
22
Letters
9
Syllables
11
Unique Chars
Meaning
noun
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).
Inflected Forms
Synonyms
knock-for-knock clause
knock-for-knock contract