单词 | traded endowment |
释义 | traded endowment in Insurance (treɪdɪd ɪndaʊmənt) Word forms: (regular plural) traded endowments noun (Insurance: Life insurance) A traded endowment is a traditional with-profits endowment policy that has been sold to a new owner part way through its term. A traded endowment policy has been sold by the original policyholder to an investor before the policymatures. Endowment policies traditionally levy all their charges in the first few years, butyou can avoid these charges by buying a traded endowment policy, where the original policyholder sells it at auction. A traded endowment is a traditional with-profits endowment policy that has been sold to a new ownerpart way through its term. |
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