floating policy


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Related to floating policy: Open Policy, Voyage Policy

floating policy

n
1. (Insurance) (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned
2. (Insurance) another term for floater4
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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"
References in periodicals archive ?
Floating Policy:- It is also known as open policy which is stamped and issued to clients having substantial turnover and a large number of dispatches can obtain continuous insurance cover under an open policy.
In the black market, $1 is sold at 28 SSP on Thursday, an increase by ten figures since the free floating policy was adopted by central bank and ministry of finance last month.

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