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)

Credits