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open policy

noun, Insurance.
a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.
1875-80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for open policy
  • Despite our open policy, the population in surrounding communities was not overly friendly.
  • Its open policy has made it a magnet for foreign investors.
  • The pool for an open policy tends to expand and to include younger, healthier people.
British Dictionary definitions for open policy

open policy

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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