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open policy

noun, Insurance.
1.
a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.
Origin of open policy
1875-1880
1875-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for open policy
Contemporary Examples
Historical Examples
  • I'm telling you because I was sure you'd find out soon what's going on, and because I thought an open policy best.

    Everyman's Land C. N. Williamson and A. M. Williamson
British Dictionary definitions for open policy

open policy

noun
1.
an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurred Compare valued policy
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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Difficulty index for open policy

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Word Value for open

6
8
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