(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
Wednesday Winner: Birling
Today’s Word of the Day was chosen by Robert B. from St. Catharines, Canada. Birling means “a game played by lumberjacks, in which each tries to balance longest on a floating log while rotating the log with the feet.” Submit your favorite word here and it could be chosen as one of our Word of the Day selections! My inner child is now at peace, knowing what the …
Origin of floating policy
An Americanism dating back to 1830–40
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