deferred dividend insurance policy

Hist. A life insurance policy that accumulated a fixed percentage of the insurer’s surplus profits, payable as a lump sum on a certain date or at the insured’s death, whichever came first.

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词条贡献者

资深译员Pablo，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与上市公司代理有关的法律文件。