单词 | without-profit |
释义 | > as lemmaswithout-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). ΘΚΠ 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. < as lemmas |
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