A reward, in the form of a premium discount, given to policyholders if they complete a year or more without making a claim. The system is most commonly used in motor insurance. In every case, the bonus is allowed for remaining claim-free and is not dependent on blame for a particular accident. So, for example, a no-claim bonus is lost if a vehicle is stolen through no fault of the insured.

• London Fox
• London Inter Bank Bid Rate
• London Inter Bank Currency Options Market
• London Inter Bank Mean Rate
• London Inter Bank Offered Rate
• London International Financial Futures and Options Exchange
• London International Insurance and Reinsurance Market Association
• London Metal Exchange
• London rules
• London Securities and Derivatives Exchange
• London Stock Exchange
• London Sugar Futures Market
• London Traded Options Market
• London Underwriting Centre
• long-dated forward
• long-dated gilt
• long-funded
• long hedging
• long position
• longs
• long-term bond
• long-term contract
• long-term debt
• long-term equity anticipation securities
• long-term liability