TERMIUM Plus®

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PAYABLE WHEN CALLED [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-11-02

English

Subject field(s)
  • Life Insurance
DEF

A policy of assurance that does not attract profits. A fixed amount is payable at maturity. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

When the policyholder has no right to participate in the profits and has a policy with fixed benefits payable by the company and with fixed premiums payable by the policyholder, it is called a non-participating policy.

French

Domaine(s)
  • Assurance sur la vie

Spanish

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