| / English Dictionary |
TERM INSURANCE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
Example:
term insurance is most often associated with life insurance policies
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("term insurance" is a kind of...):
insurance (promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company)
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