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open policy
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noun Insurance.
a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.
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Origin of open policy
First recorded in 1875–80
Words nearby open policy
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use open policy in a sentence
British Dictionary definitions for open policy
open policy
noun
an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurredCompare valued policy
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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