floating policy
noun
(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
Origin of floating policy
1An Americanism dating back to 1830–40
Words Nearby floating policy
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
British Dictionary definitions for floating policy
floating policy
noun
(in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned
another term for floater (def. 4)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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