The effect of substrate concentration on the rate of enzyme-controlled reactions Remember that in biology or biochemistry, the reactant in an enzyme reaction is known as the substrate. What follows is a very brief and simple look at a very complicated topic.
A reinsurance contract is a contract of indemnity, meaning that it becomes effective only when the insurance company has made a payment to the original policyholder. Reinsurance provides a way for the insurance company to protect itself from financial disaster and ruin by passing on the risk to other companies.
Definition of coinsurance. 1  1 : joint assumption of risk (as by two underwriters) with another. 2  2 : insurance (as fire insurance) in which the insured is obligated to maintain coverage on a risk at a stipulated percentage of its total value or in the event of loss suffer a penalty in proportion to the deficiency.