net single premium

The money that must be collected from a policyholder at one time to guarantee enough money to pay claims made on an insurance policy.

• This amount assumes that interest accrues at an expected rate and is based on a prediction of the likelihood of certain claims. [Cases: Insurance 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]

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词条贡献者

译员圣强，国际仲裁与争端解决专业，专注翻译各种与跨境争议有关的法律文件。