Captive is a term which in its simplest form means a wholly owned insurance company that is formed by a noninsurance entity or group to insure or reinsure some or all of the risks of its parent. A captive is usually administered by specialized consultants.
"Captive" is in the UNSPSC Code "31161706"
Captive refers to a person who is confined; especially a prisoner of war
"Captive" is in the UNSPSC Code "31161510"
Other Database Pages Exist for this Phrase:
Captive-bolt (Captive-bolt refers to an instrument used to ...)
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