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First-loss policy

an insurance policy for goods in which a total loss is extremely unlikely and the insurer agrees to provide cover for a sum less than the total value of the property


Read Also:

  • First luff

    noun phrase A naval lieutenant, senior grade (1850+ Navy)

  • Firstly

    [furst-lee] /ˈfɜrst li/ adverb 1. in the place; . /ˈfɜːstlɪ/ adverb 1. coming before other points, questions, etc adv. 1530s, but never a common word (simple first usually serving its place), from first + -ly (2).

  • First man

    noun phrase A first sergeant; Top-Kick (1940s+ Army)

  • First-mate

    noun 1. the officer of a merchant vessel next in command beneath the captain. noun 1. an officer second in command to the captain of a merchant ship Also called first officer

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