policy fee

Definition

A now-defunct practice wherein a fee was assessed along with the first premium. This was done to offset initial costs. This term can also refer to a flat rate charge that remains the same regardless of the policy amount. This is used as a kind of quantity discount.

Related Videos




http://www.businessdictionary.com/definition/policy-fee.html

Today's Top Bulls

73% Bullish
(37 Votes)
70% Bullish
(104 Votes)
68% Bullish
(76 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z