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Jan 16, 2005 03:10
19 yrs ago
English term

ratable proportion

English to Malay Bus/Financial Insurance
If at any time any claim arises under this policy there be any other insurance covering the same liability, the company shall not pay more than its ratable proportion of such claim.

Proposed translations

+1
12 mins

bahagian kerugian mengikut kadar sewajarnya

"Ratable Proportion" means, with reference to any distribution on account of any Claim in any Class, a distribution equal in amount to the ratio (expressed as a percentage) that the amount of such Allowed Claim bears to the aggregate amount of Claims or Allowed Claims, as the case may be, in the same Class.
Peer comment(s):

agree syarifah syed nor azlan
15 hrs
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