TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

CRISS-CROSS INSURANCE [1 record]

Record 1 1984-09-10

English

Subject field(s)
  • Life Insurance
  • Insurance
DEF

A form of business insurance in which each party to an agreement (usually to buy out a disabled or deceased co-owner) insures each of the other parties in favor of the policyowner.

French

Domaine(s)
  • Assurance sur la vie
  • Assurances
OBS

À la mort d'un actionnaire, les actionnaires survivants reçoivent le produit de la police et s'en servent pour racheter les actions de la personne décédée.

Spanish

Record saved

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