principal sum

noun

Definition of principal sum

: the sum specified to be paid under the terms of an accident or health insurance policy in case of the death of the insured or the loss of limb or sight due to an accidental injury

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Cite this Entry

“Principal sum.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/principal%20sum. Accessed 21 Sep. 2021.

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