term assurance en · NOUN
Meanings
- (uncountable) Life insurance that pays out a lump sum benefit on the death of the life assured within the term of the policy, and nothing on survival to the end of the term.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| TA | alternative | lexicographic |
Hyponyms
level term assurance · increasing term assurance · decreasing term assurance