单词 | industrial life assurance |
释义 | industrial life assurance industrial life assurance(home service assurance) A type of life-assurance policy, usually for a modest amount, the premiums for which were collected on a regular basis by an agent of the assurance company, who called at the policyholder’s home. Records of the premium payments were kept in a book, which had to be produced to make a claim. This type of assurance began in industrial areas (hence its name), where small weekly policies were purchased to help pay the funeral expenses of the policyholder. The company agent was known in certain areas as a tally man. This type of insurance is now virtually obsolete, owing to its high costs and low revenues. |
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英汉经管词典收录了6519条经济管理类英汉双解词条,基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法,是学习及工作的有利工具。