traditional policy

traditional policy

n
(Insurance) a life assurance policy in which the policyholder's premiums are paid into a general fund and his or her investment benefits are calculated according to actuarial formulae. Compare unit-linked policy
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The traditional policy of allowing under 16s in for free also applied but parking charges were also waived.
China's central bank has said that the nation does not need QE to boost liquidity, as traditional policy tools are capable of doing so, according to Reuters.
Although these innovative policies do not fit into traditional policy categories, they may retain traditional policy labels.
When King Abdullah internalized that the Arab order was about to shatter, he swiftly moved from the traditional policy of working behind the scenes to secure Arab consensus into a forefront position in the struggle for a better regional environment for the Arabs and the Muslims.
An inequality surge driven by the top pulling away from the middle while poverty rates were either stable or declining (the bottom has not been moving away from the middle) was a novel development in the postwar years, and none of the our traditional policy frameworks had much to offer in response.
That is untrue, and classic car insurance is less expensive than a traditional policy because a driver typically treats a classic car or antique car differently.
The traditional policy of supporting one group, section or ethnicity seems no more applicable for securing its interests in the country.
But if the wonkosphere aims to be a better alternative to traditional policy coverage, it needs to broaden its scope of reporting, to have sources not just among academic experts and high-level policymakers but deeper down in the agencies and other organizations where the rubber of policy meets the road of reality.
He said that the government of Pakistan must keep up with its traditional policy on the dispute and focus on the UN resolutions for its settlement.
While raising the traditional policy rate, Rajan freed up market liquidity with a three-quarter point cut in an overnight borrowing rate that the central bank had temporarily raised by 200 bps in July to support the rupee.
But, there is a catch, with traditional policy administration systems, it's extremely difficult to integrate with outside systems and on top of that, it's also very costly.
If care is not needed until year 25 (age 80), their pool of benefits from the traditional policy will equal $309,609.

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