floating insurance

floating insurance floating insurance insurance

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floating insurance UK US noun [C] INSURANCE
OPEN INSURANCE(Cf. ↑open insurance)

Financial and business terms. 2012.

Look at other dictionaries:

  • insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …   Financial and business terms

  • floating policy — UK US noun [C] (plural floating policies) (also floater) INSURANCE ► a type of insurance in which the value of the goods being insured cannot be calculated exactly, so the payment for insuring them can be changed after a period of time ► a type… …   Financial and business terms

  • floating policy — Insurance policy intended to supplement specific insurance on property and attaches only when the latter ceases to cover the risk, and the purpose of such policy is to provide indemnity for property which cannot, because of its frequent change in …   Black's law dictionary

  • floating policy — noun an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location • Syn: ↑floater • Hypernyms: ↑policy, ↑insurance policy, ↑insurance * * * noun 1 …   Useful english dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance policy — noun written contract or certificate of insurance you should have read the small print on your policy • Syn: ↑policy, ↑insurance • Hypernyms: ↑contract • Hyponyms: ↑floater, ↑ …   Useful english dictionary

  • insurance contract — A contract whereby one person undertakes to indemnify another against loss, damage or liability arising from an unknown or contingent event. An agreement by which one party for a consideration promises to pay money, or its equivalent, or do some… …   Ballentine's law dictionary

  • floating charge — A continuing charge on the assets of the company creating it, but permitting the company to deal freely with the property in the usual course of business until the security holder shall intervene to enforce his claim. Pennsylvania Co. for… …   Black's law dictionary

  • floating policy — 1. (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled. 2. floater (def. 7). [1830 40, Amer.] * * * …   Universalium

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