open policy


nounInsurance.
  1. a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.

Origin of open policy

1
First recorded in 1875–80

Words Nearby open policy

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use open policy in a sentence

  • But the open policy was then curtailed again when border controls tightened significantly following 9/11.

  • I'm telling you because I was sure you'd find out soon what's going on, and because I thought an open policy best.

    Everyman's Land | C. N. Williamson and A. M. Williamson
  • Given a suitable open policy, that minority may become a majority at any time.

    Sinn Fein | P. S. O'Hegarty
  • We must receive the principal part of the Malays in a friendly way, and it is only by a more open policy that this can be done.

    Middy and Ensign | G. Manville Fenn

British Dictionary definitions for open policy

open policy

noun
  1. an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurred: Compare valued policy

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