L 5

\ˈɛl fˈa͡ɪv], \ˈɛl fˈa‍ɪv], \ˈɛ_l f_ˈaɪ_v]\
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1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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PLACED BUSINESS

  • An insurance policy completed. The insurer has received their premium.
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