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floating policy

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floating policy

n

1. (Business / Insurance) (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned

2. (Business / Insurance) another term for floater [4]

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Noun

1.

floating policy - an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location

insurance policy, insurance, policy - written contract or certificate of insurance; "you should have read the small print on your policy"

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