单词 | paid-up policy |
释义 | paid-up policy From Longman Business Dictionarypaid-up policyˌpaid-up ˈpolicy [countable]INSURANCE a life insurance agreement in which all the premiums (=amounts paid for insurance during a particular period of time) have been paidA paid-up policy is one that is guaranteed to remain in force for your lifetime, and it guarantees that you will never owe premiums on it. → policy |
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