Legal Definition of short rate
1
: an insurance premium charge for less than a year of coverage that is more than a pro rata part of the annual premium
2
: an insurance policy written for less than one year
— called also short term
Test Your Vocabulary
Odd Habits and Quirks
-
- Which of the following best describes an easily irritated person?

Test your visual vocabulary with our 10-question challenge!
TAKE THE QUIZ
A daily challenge for crossword fanatics.
TAKE THE QUIZLove words? Need even more definitions?
Merriam-Webster unabridged
Share short rate