term insurance
noun
an insurance policy that provides coverage for a limited period, the value payable only if a loss occurs within the term, with nothing payable upon its expiration.
Nearby words
terhune, teriyaki, term, term day, term infant, term insurance, term life insurance, term limit, term of art, term paper, term policy
Origin of term insurance
First recorded in 1895–1900
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
British Dictionary definitions for term insurance
term insurance
noun
life assurance, usually low in cost and offering no cash value, that provides for the payment of a specified sum of money only if the insured dies within a stipulated period of time
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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