1. Law. Doctrine of negligence used in the defense of a personal injury suit. 2. Risk management. A practice of the absorption of minor losses but protecting against large and catastrophic losses. Also known as Assumption of risk.
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1. Law. Doctrine of negligence used in the defense of a personal injury suit. 2. Risk management. A practice of the absorption of minor losses but protecting against large and catastrophic losses. Also known as Assumption of risk.
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