loss expense, allocated

  • The aggregate net expenses of investigating and adjusting specific claims that are charged directly to the individual claim files. The chief item may be the charges made by independent adjusters.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).