floating policy

noun

(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
floater(def 7).

QUIZZES

HEED THE VOX POPULI, AND TAKE THIS WORD OF THE DAY QUIZ!

Test your memory on these verbal firecrackers from the week of June 29 to July 5!
Question 1 of 7
anchorite
a granular metamorphic rock.
a person who has retired to a solitary place for a life of religious seclusion.
a hobble or fetter for a horse or other animal.
TAKE THE QUIZ TO FIND OUT

Origin of floating policy

An Americanism dating back to 1830–40

Words nearby floating policy

floating heart, floating island, floating kidney, floating partition, floating point, floating policy, floating rib, floating screed, floating spleen, floating stock, floating supply
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for floating policy

floating policy

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 (def. 4)
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