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double indemnity

noun
  1. a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.
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Origin of double indemnity

An Americanism dating back to 1920–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for double indemnity

double indemnity

noun
  1. US and Canadian (in life assurance policies) a clause providing for the payment of double the policy's face value in the event of the policyholder's accidental death
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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

double indemnity in Culture

double indemnity

A feature of life insurance policies stating that the insurer will pay twice the face value of the policy if the insured dies accidentally.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.