Floating Policy (noun) Definition, Meaning & Examples

noun
  1. (in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
  2. floater (def. 7).
noun
  1. (in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned
  2. another term for floater (def. 4)
Floating Policy (noun) Definition, Meaning & Examples

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