floating policy
Americannoun
-
(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
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
Etymology
Origin of floating policy
An Americanism dating back to 1830–40
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Given the pace of change and the difficulty of predicting the future, it’s surely a little early to start floating policy proposals.
From Slate ● May 3, 2013
The West Wing became a floating policy meeting that gave way to a scheduling meeting that segued into a message-development meeting.
From Time Magazine Archive
Clay had insured the vessel and his shipments by her on a kind of floating policy.
From The Secret of the Reef by Bindloss, Harold
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
