term policy

noun

, Insurance.

1. a policy whose period of coverage is in excess of one year, usually paying a reduced premium rate, as in fire insurance.

Word History and Origins

Origin of term policy¹

First recorded in 1895–1900

Example Sentences

Over the past five years, Republicans have repeatedly accepted short-term political pain for long-term policy gain.

From The Daily Beast

It merely demonstrates that the conspicuous lack of long-term policy planning of the Netanyahu government ubiquitous.

From The Daily Beast

Other countries are equally flat-footed on a long-term policy, including Canada and Japan.

From The Daily Beast

The Term Policy, as its name implies, is issued for a term of one or more years.

From Project Gutenberg