floating policy


noun
  1. (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

1
An 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
  1. (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned

  2. another term for floater (def. 4)

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