nonforfeiture
noun[U]
lawspecialized(alsonon-forfeiture)uk/ˌnɒnˈfɔː.fɪ.tʃər/us/ˌnɑːnˈfɔːr.fə.tʃɚ/thefactof notlosingrights,property, ormoney:
There are nonforfeitureprovisionsin thepolicy.
Taking acashlumpsumis one nonforfeitureoptionforpolicyholders.
- The non-forfeiturevaluesmayincreaseordecreasebasedon themarketvalueformulaspecifiedin theagreement.
- There is a nonforfeitureoptionunder whichinsuranceispurchasedwith theremainingcashvalueof awholelifepolicy.
- Allstateshave nonforfeiturelawsthat the nonforfeiturevaluesarestatedin ascheduleof thepolicy.
Grants & allowances
- anti-subsidy
- benefit
- benny
- cost-of-living allowance
- dearness allowance
- expense
- fellowship
- fringe benefit
- old age pension
- parachute payments
- pension
- personal allowance
- pin money
- redundancy payment
- scrappage
- stipend
- subsidized
- subsidizer
- unemployment benefit
- weighting