open policy

noun

Definition of open policy

: a continuous policy of marine insurance that is terminable by either party after notice, covers specific shipments automatically, and has the premiums determined by the values reported

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Learn More About open policy

Dictionary Entries Near open policy

open-plan

open policy

open-pollinated

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Cite this Entry

“Open policy.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/open%20policy. Accessed 27 Nov. 2021.

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