In insurance law, a term applied to a mutual rescission of insurance by both parties, who then contract for a new policy which is identical with the original except for a shortened term and lower earned premium. 41 A. 2d 525, 532.
Short Rate
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 | Cap Rate (business term) |
| Short Rate Table (insurance term) |
| Short Rate Premium (insurance term) |
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 | Law Dictionary. Law Dictionary. Copyright © 2003 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Mentioned in
- Cap Rate (business term)
- Short Rate Table (insurance term)
- Short Rate Premium (insurance term)
- Return Premium (insurance term)
- Reinsurance Reserve (Unearned Premium Reserve) (insurance term)
- Short Rate Cancellation (insurance term)
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- Pro Rata Cancellation (insurance term)
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- Notice of Cancellation Clause (insurance term)
- Short Rate, Short Term Insurance (insurance term)
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