open policy

noun Insurance.
a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values.

Origin:
1875–80

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To open policy
Collins
World English Dictionary
open policy
 
n
Compare valued policy an insurance policy in which the amount payable in the event of a claim is settled after the loss or damage has occurred

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
Example sentences
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.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;