paid-up policy

paid-up policy
A life insurance policy in which all premiums that are due have been paid. Bloomberg Financial Dictionary

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paid-up policy paid-up policy policy

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paid-up policy UK US noun [C] UK INSURANCE
an insurance policy for which payments are no longer made, but which will be paid out to the insured person at an agreed time: »

How much can I expect at the end of term if I convert to a paid-up policy?


Financial and business terms. 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • paid-up policy — An endowment assurance policy in which the assured has decided to stop paying premiums before the end of the policy term. This results in a surrender value, which instead of being returned in cash to the assured is used to purchase a single… …   Big dictionary of business and management

  • policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… …   Financial and business terms

  • policy — The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance. See policy of insurance. This term, as applied to a law,… …   Black's law dictionary

  • policy of insurance — The parlance of the insurance business, the contract between the insured and the insurer. State ex rel. Sheets v Pittsburgh, Cincinnati, Chicago & St. Louis Ry. Co. 68 Ohio St 9, 67 NE 93. The formal document in which a contract of insurance… …   Ballentine's law dictionary

  • Paid family leave — refers to leaves taken from work for the purpose caring for an ill family member or to care for a new child, during which the leave taker receives some level of financial support from the employer, an insurance policy, or a government program.… …   Wikipedia

  • paid–up — adj: requiring no further payments a paid–up insurance policy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • policy — I n. plan principle 1) to adopt, establish, formulate, set a policy 2) to adhere to, follow, pursue; carry out, implement a policy 3) to form, shape a policy 4) a cautious; clear, clear cut; conciliatory; deliberate; established, set; firm;… …   Combinatory dictionary

  • policy — 01. It is the [policy] of our government that no one should be without food or shelter. 02. According to the attendance [policy] in this program, you must attend at least 80% of classes. 03. There is an expression in English which notes that… …   Grammatical examples in English

  • paid-up insurance — Life insurance under a policy which shall continue in effect for the full period of the insured s life, the premiums having been fully paid so as to call for no further payment by the insured to keep the policy effective against lapse. Lenon v… …   Ballentine's law dictionary

  • Paid Educational Leave Convention, 1974 — Infobox ILO convention code= C140 name= Paid Educational Leave Convention, 1974 adopt= June 24, 1974 force= September 23, 1976 classify= Paid Leave subject= Vocational Guidance and Training prev= Occupational Cancer Convention, 1974 next= Rural… …   Wikipedia

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