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double indemnity

noun
1.
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
1920-1925
1920-25, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for double indemnity

double indemnity

noun
1.
(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 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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double indemnity in Culture

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.
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