deferred dividend

noun

Definition of deferred dividend

: an insurance dividend payable from the surplus accumulated during a given period to those policyholders only who are alive at its expiry and whose policies are then in force

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Cite this Entry

“Deferred dividend.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/deferred%20dividend. Accessed 18 Sep. 2021.

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