英语词汇“second-hand endowment”的英英意思、用法、释义、翻译、读音、例句、短语、词组-英语词典

Word forms: (regular plural) second-hand endowments

noun

(Insurance: Life insurance)

A second-hand endowment is a traditional with-profits endowment policy that has been sold to a new owner part way through its term.

The second-hand endowment market enables investors to buy unwanted endowment policies for more than the surrendervalue offered by the insurance company.

Investors will pay more than the surrender value for a second-hand endowment because the policy has greater value if it is kept in force than if it is terminatedearly.

A second-hand endowment is a traditional with-profits endowment policy that has been sold to a new ownerpart way through its term.

单词	second-hand endowment
释义	second-hand endowment in Insurance (sɛkənd hænd ɪndaʊmənt) Word forms: (regular plural) second-hand endowments noun (Insurance: Life insurance) A second-hand endowment is a traditional with-profits endowment policy that has been sold to a new owner part way through its term. The second-hand endowment market enables investors to buy unwanted endowment policies for more than the surrendervalue offered by the insurance company. Investors will pay more than the surrender value for a second-hand endowment because the policy has greater value if it is kept in force than if it is terminatedearly. A second-hand endowment is a traditional with-profits endowment policy that has been sold to a new ownerpart way through its term.
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second-hand endowment in Insurance