Glossary entry

Swedish term or phrase:

årsavräkning

English translation:

annual adjustment

Added to glossary by Charlesp
Feb 28, 2006 13:43
18 yrs ago
Swedish term

årsavräkning

Swedish to English Bus/Financial Insurance insurance policies
årsavräkning - a form of annual adjustment. but is there a specific technical term used in the insurance industry for this?
Proposed translations (English)
5 +4 annual adjustment
3 annual settlement

Proposed translations

+4
1 hr
Selected

annual adjustment

This is the standard term in English where a provisional premium is paid initially which is adjusted at the end of the year of insurance.
Peer comment(s):

agree E2efour (X)
46 mins
agree cologne
1 hr
agree ojinaga
2 hrs
agree cathbrorson : annual adjustment is the current word
3 days 4 hrs
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4 KudoZ points awarded for this answer.
29 mins

annual settlement

Simple and obvious answer with plenty of hits when coupled with "insurance". Element of guesswork of course!
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