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单词 without-profit
释义

> as lemmas

without-profit(s)
c. without-profit(s) adj., of a life assurance policy: providing normal cover but not allowing the insured to receive a share of the profits of the insurance company. Also applied to the associated funds, business, etc. Cf. with-profit(s) at with prep. 24d (s).
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society > trade and finance > financial dealings > insurance > [adjective] > insurance policy types
tontine1790
whole-life1832
term1834
floating1839
all risks1885
third party1901
non-profit1905
knock for knock1906
stamped1913
warehouse to warehouse1922
without-profit(s)1924
with-profit(s)1924
loaded1928
unit-linked1966
no-fault1967
new-for-old1984
critical illness1986
1924 Tayler & Tyler Life Assurance ii. 19 Nearly all the offices transacting life assurance business issue two great classes of policy—(a) Those which share in the profits, known as ‘with-profit’ or ‘participating’ policies; and (b) Those which do not share in the profits, known as ‘without-profit’ or ‘non-participating’ policies.
1944 S. d'E. Colam Life Assurance for Agents 16 Premiums for with profit policies are larger than for without profit policies.
1960 Times 24 Oct. (Financial Review) p. xiii/4 For without-profits contracts are tending to come down.
1965 Economist 24 July p. xxii When interest rates are high and there is significant inflation, profits on the without~profits businesses are high, since the premiums were originally fixed on the basis of lower money returns than are now being earned.
1982 London Life Association Ann. Rep. Total without profit funds.
extracted from withoutadv.prep.conj.n.
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更新时间:2025/1/24 16:28:24