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floating policy
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noun
(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
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Origin of floating policy
An Americanism dating back to 1830–40
Words nearby floating policy
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022
How to use floating policy in a sentence
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
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