fronting

fronting definition - business

fronting

In insurance, issuing a policy and immediately passing the entire risk to another firm that pays the issuing company a commission. This is similar in nature to lenders making and then reselling loans.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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