“forold”

The following 3 entries include the term forold.

deduction new for old

noun

: a subtraction made by a marine underwriter from the total cost of repairs in paying a claim under a hull-insurance policy to allow for the gain in excess of loss to the shipowner resulting from the new material installed during repairing

for old times' sake

phrase

: in order to experience again something one did in the past

money for old rope

noun phrase

: money that is easily earned or gotten : easy money


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