- corporation life insurance
- noun
: life insurance purchased by a corporation on the lives of officers, employees, or principal stockholders and of which the corporation is the beneficiary
Useful english dictionary. 2012.
Useful english dictionary. 2012.
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Life insurance — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… … The Collaborative International Dictionary of English
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