deposit premium

The initial premium paid by the insured on a provisional basis pending a premium adjustment in the case of policies subject to adjustment

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Deposit premium — A deposit premium is a type of insurance premium where the insured deposits money with the insurer to obtain perpetual insurance against the risk of a loss. Deposit premiums are unique from regular insurance premiums, because they are refundable… …   Wikipedia

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  • Korea Deposit Insurance Corporation — The Korea Deposit Insurance Corporation (KDIC) is a deposit insurance corporation, established in 1996 in South Korea to protect depositors and maintain the stability of the financial system. The major functions of KDIC can be classified into… …   Wikipedia

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