单词 | orphan assets |
释义 | > as lemmasorphan assets orphan assets n. Finance (originally and chiefly British) funds accrued by an insurance company which belong to no specific or traceable investor, frequently deriving from underpayment of with-profit bonuses. ΚΠ 1993 Extel Examiner (Nexis) 23 Mar. Insurance companies have surged today on the back of a statement from United Friendly Group saying that the insurer is making moves to redistribute what are called ‘orphan assets’ to holders of the group's policies and shares. 2002 Which? Feb. 4/1 Because the orphan assets are considered ‘surplus to requirements’, insurance companies are looking at ways of distributing them and clarifying ownership. < as lemmas |
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