policy year

noun

Definition of policy year

1 :a period comprising the 12 months extending usually from noon of a given date to noon of the same date one year thereafter
2 :a period of 24 months within which all the one-year policies written during the first 12 months thereof will have matured and the losses have become known used in certain types of insurance accounting

There's more!

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!
Already a subscriber? Log in.

Seen and Heard

What made you want to look up policy year? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!