preferred risk

noun

: an insured that an insurer deems has a lower than average chance of loss and that usually may pay a lower premium
because of the past accidents, he was not a preferred risk

Dictionary Entries Near preferred risk

Cite this Entry

“Preferred risk.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/preferred%20risk. Accessed 24 Apr. 2024.

Love words? Need even more definitions?

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