double indemnity

noun

Definition of double indemnity

: a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death

First Known Use of double indemnity

1924, in the meaning defined above

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The first known use of double indemnity was in 1924

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Cite this Entry

“Double indemnity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/double%20indemnity. Accessed 26 Sep. 2020.

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More Definitions for double indemnity

double indemnity

noun

Legal Definition of double indemnity

: a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death

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