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What (who) is knock-for-knock agreement - definition
Knock-for-Knock Agreement
knock-for-knock agreement
¦ noun Brit. an agreement between insurance companies by which each pays its own policyholders regardless of liability.
Knock-for-knock agreement
A knock-for-knock agreement is an agreement between two insurance companies whereby, when both companies' policy-holders incur losses in the same insured event (usually a motor accident), each insurer pays the losses sustained by its own policy-holder regardless of who was responsible.
Knock-knock joke
COMMON FORM OF CALL-AND-RESPONSE JOKE
Knock knock joke; Knock-knock jokes; Knock knock jokes
The knock-knock joke is a type of audience-participatory joke cycle, typically ending with a pun. Knock-knock jokes are primarily seen as children's jokes, though there are exceptions.
Wikipedia
Knock-for-knock agreement
A knock-for-knock agreement is an agreement between two insurance companies whereby, when both companies' policy-holders incur losses in the same insured event (usually a motor accident), each insurer pays the losses sustained by its own policy-holder regardless of who was responsible.
