What is the definition of Prospective finite policy? | Dictionary.net

PROSPECTIVE FINITE POLICY

\pɹəspˈɛktɪv fˈa͡ɪna͡ɪt pˈɒlɪsi], \pɹəspˈɛktɪv fˈa‍ɪna‍ɪt pˈɒlɪsi], \p_ɹ_ə_s_p_ˈɛ_k_t_ɪ_v f_ˈaɪ_n_aɪ_t p_ˈɒ_l_ɪ_s_i]\

Definitions of PROSPECTIVE FINITE POLICY

1910 - Black's Law Dictionary (2nd edition)

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Insurance that shifts the time of loss in the future. It is a risk financing vehicle. Refer to retrospective finite policy.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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