terminal bonus
noun[C]
ukusINSURANCE
anextrapaymentmade to theownerof sometypesofinsurancepolicyat thetimethat thepolicyisreadyto bepaid:
Atmaturity, theinsurancecompanypaysthesumassured.
Examplesofterminal bonus
terminal bonus
Theterminalbonusis paid at the maturity and sometimes the surrender of the policy.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.An insurance company may decide to pay low annual bonuses and a highterminalbonus.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.If reversionary bonuses are kept up throughout the years, it should be explained that theterminalbonusmay be cut at any time.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The value of with-profits funds depends on the interaction between annual bonuses over the lifetime of the policy and the level ofterminalbonus.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Which ordinary individual knows the difference between a reversionary bonus and aterminalbonus?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
This will have an interest rate of 9½ per cent. and a 3 per cent. tax-freeterminalbonus.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The study will address the accounting framework for with-profits business, including provision for disclosure ofterminalbonus.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
It is also in the process of introducing realistic accounting by life offices, including a requirement to reserve forterminalbonus.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
The requirement to report assets and liabilities on a realistic basis includes a requirement to provide for accruedterminalbonus.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
At the end of the policy, aterminalbonusis declared.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.