Англо-русский экономический словарь.
Nonforfeiture Clause — A clause in an insurance policy that allows for the insured to receive all or a portion of the benefits or a partial refund on the premiums paid if the insured misses premium payments, causing the policy to lapse. The nonforfeiture clause may… … Investment dictionary
nonforfeiture — /nɒnˈfɔfətʃə/ (say non fawfuhchuh) noun a clause written into an insurance policy whereby the policy is not voided by non payment of a premium …
Values — The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life insurance policy, in the event that the policy were canceled because the premium payments were not made. The policy s value would be… … Investment dictionary
automatic insurance — Protection under a clause in standard automobile liability policies which extends the coverage to the operation by the insured of cars acquired during the life of the policy by replacement and purchase. 7 Am J2d Auto Ins § 100. Insurance provided … Ballentine's law dictionary
