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Defined event |
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Defined event The definition applicable to the trigger of a loss in an insurance policy, particularly political risk insurance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 1 Neither the exclusion nor the endorsement defined events or circumstances that were likely to increase the risk of liability arising in the first place. If you factor out certain defined events, the debt is pounds 10m less at pounds 29m," he said. However when borrowers are already stretched to capacity, the defined event only has to be small to have serious implications. |
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