orphan assets
Finance (originally and chiefly British )
noun
Funds accrued by an insurance company which belong to no specific or traceable investor, frequently deriving from underpayment of with-profit bonuses.
Origin
1990s; earliest use found in Extel Examiner.
- precaudal
- precausation
- precaution
- precautional
- precautionary
- precautionary principle
- precautious
- precautiously
- precava
- precaval
- pre-Cavourian
- precede
- precedence
- precedent
- precedental
- precedentary
- precedent book
- precedented
- precedential
- precedentless
- preceder
- precellence
- precellent
- precellular
- precent