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Technique of risk management (better known as retention or Self-Insurance) under which an individual or business firm assumes expected losses that are not catastrophic, but protects against catastrophic losses through the purchase of insurance. (Business Dictionary) For the source and more detailed information concerning your request, click on the related links section (Answers.com) indicated at the bottom of this answer box.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoAn assumption of risk is a part of the defense in a court room. It means that a plaintiff knowingly participated in the dangerous activity that they are in court for.
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What is the definition of making an assumption from observations?
what is the difference between an observation and an assumption
What is a background assumption?
A Background Assumption is your own assumption of how things are supposed to be. Or your own idea of how life ought to work. You assume that everyone thinks the same way.
What is a valid assumption?
When someone calls a statement a "valid assumption" they mean that it is probably true.
What is the suffix -tion for assume?
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What is the meaning of primise?
assumption
Elements of assumption of risk and defense?
* * * * * *
What is the relationship of business profits and risk assumption?
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What word best describes a risk undertaking?
assumption
Which defense might a defendant use if the patients knew the inherent risk before treatment?
assumption of risk
Brief information about voluntary assumption of risk?
To voluntarily assume a risk is to agree to take on some potential cost which may arise.
What is the name of doctrine that holds that damages assessed in a negligent action are determined in part by the degree of negligence imputed to each party?
assumption of risk
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How do you use assumption in sentence?
It'll take a lot of gumption to espouse that assumption. That's your assumption. That is not an assumption.
Sentence for the word assumption?
I do not support your assumption. Your assumption is based upon few facts.
What is an assumption of aged people?
I think assumption of older people is cultural assumption What do you think
What is an heroic assumption?
An assumption that is unlikely to be true.
What is a fundamental assumption?
accounting assumption is nothing
