Gross receipts or mileage

{
  "id": "MLC-T-INS-001668",
  "term": "Gross receipts or mileage",
  "field": "Insurance and risk management",
  "definition": "A method used to calculate premiums for certain commercial insurance policies, particularly for trucking or transportation risks. Premiums are based on either the total revenue generated by the business (gross receipts) or the total distance traveled by its vehicles (mileage). This approach ties the premium directly to the exposure units of the business operation.",
  "url": "https://mlchart.com/terminology/insurance/gross-receipts-or-mileage/"
}