floating policy

noun

(in marine insurance) a policy that provides protection of a broad nature for shipments of merchandise and that is valid continuously until canceled.
floater(def 7).

Origin of floating policy

An Americanism dating back to 1830–40

Words nearby floating policy

floating heart, floating island, floating kidney, floating partition, floating point, floating policy, floating rib, floating screed, floating spleen, floating stock, floating supply

British Dictionary definitions for floating policy

floating policy

noun

(in marine insurance) a policy covering loss of or damage to specified goods irrespective of the ship in which they are consigned
another term for floater (def. 4)