Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference

Home > QFINANCE Dictionary > Definition of knock-for-knock

Definition of

knock-for-knock

Insurance

with each insurer paying own customer's repair bill used to describe a practice between insurance companies whereby each will pay for the repairs to the vehicle it insures in the event of an accident

Definitions of ’knock-for-knock’ and meaning of ’knock-for-knock’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’knock-for-knock’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top