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单词 term assurance
释义 term assurance

= temporary assurance, term insurance

A life-assurance policy that provides a payment on death within a specified period of time (the term). No benefit is paid if the insured person dies outside the term. This form of insurance is often used to cover the period of a loan, mortgage, etc.

See also:

decreasing term assurance.

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更新时间:2025/4/8 2:43:34