Glossary

Insurance

Apétiteur – Insurance company acting on behalf of all insurers under a group contract.

Reinsurance – Contract between an insurer and others covering the first of a portion of the risks under a contract.

Recourse – Action by the injured party or victim against the party presumed liable.

Revaluation – Revaluation of a value due to changes in certain variables.

Risk – Uncertain event likely to cause loss and which may be covered by insurance.

Construction

Call for tenders – In the context of a works or supply contract, competitive bidding.

Autorisation de voierie – Authorization granted by the local authority to establish...