CAT fund
CAT fund · CAT funds
Clipped compound of catastrophe fund: a state-run fund that reimburses an involved…Clipped compound of catastrophe fund: a state-run fund that reimburses an involved party (usually an insurer, sometimes a policyholder) when unexpectedly large losses threaten to bankrupt that party.
Meaning
1 sensesClipped compound of catastrophe fund: a state-run fund that reimburses an involved party (usually an insurer, sometimes a policyholder) when unexpectedly large losses threaten to bankrupt that party.