double indemnity

double indemnity

noun
a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.


Origin:
1920–25, Americanism

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To double indemnity
Collins
World English Dictionary
double indemnity
 
n
(US), (Canadian) (in life assurance policies) a clause providing for the payment of double the policy's face value in the event of the policyholder's accidental death

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
American Heritage
Cultural Dictionary

double indemnity definition


A feature of life insurance policies stating that the insurer will pay twice the face value of the policy if the insured dies accidentally.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature