- life assured
- /laɪf ə'ʃυəd/ nounthe person whose life has been covered by a life assurance policy
Dictionary of banking and finance. 2015.
life assured
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life assured — ➔ assured1 … Financial and business terms
life assured — The person upon whose death a life assurance policy makes an agreed payment. The life assured need not be the owner of the policy … Big dictionary of business and management
life insurance — n: insurance providing for the payment of money to a designated beneficiary upon the death of the insured see also endowment insurance ordinary life insurance: whole life insurance in this entry straight life insurance … Law dictionary
life assurance — or insurance a contractual arrangement under which, in return for a stipulated premium, a life assurance company undertakes to pay, on the death of the life assured or on the occurrence of such other events as may be agreed, a specified sum of… … Law dictionary
life assurance or insurance — a contractual arrangement under which, in return for a stipulated premium, a life assurance company undertakes to pay, on the death of the life assured or on the occurrence of such other events as may be agreed, a specified sum of money. Collins… … Law dictionary
assured — ▪ I. assured as‧sured 1 [əˈʆʊəd ǁ əˈʆʊrd] noun the ( life) assured INSURANCE the person or organization that will receive the money from an assurance agreement, or the person whose life is covered by the agreement; = the insured AmE: • A policy… … Financial and business terms
life assurance — An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life… … Big dictionary of business and management
assured — The person named in a life assurance policy to receive the proceeds in the event of maturity or the death of the life assured. As a result of the policy, the person s financial future is ‘assured’ … Accounting dictionary
assured — The person named in a life assurance policy to receive the proceeds in the event of maturity or the death of the life assured As a result of the policy, the person s financial future is assured … Big dictionary of business and management
life assurance — An insurance policy that pays a specified amount of money on the death of the life assured or, in the case of an endowment assurance policy, on the death of the life assured or at the end of an agreed period, whichever is the earlier. Life… … Accounting dictionary
