term policy

American  

noun

Insurance.

1. a policy whose period of coverage is in excess of one year, usually paying a reduced premium rate, as in fire insurance.

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Etymology

Origin of term policy

First recorded in 1895–1900

Example Sentences

A 30-year-old woman in excellent health might pay $193 a year for 20-year term policy for $500,000.

From Seattle Times

A 30-year-old woman in excellent health might pay $193 a year for 20-year term policy for $500,000.

From Washington Times

But he said in the long term, policy makers should remove controls and allow more housing to be built so landlords don’t have the leverage to demand 50% hikes.

From Los Angeles Times

As for Trump’s boasts about what the military will do under the current policy – I use the term “policy” loosely – the Washington Post’s fact-check described the president’s rhetoric as “misleading.”

From MSNBC

Too much to ask that for once they think, discuss, decide a long term policy with other countries.

From New York Times