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life insurance taken out by a business firm on an essential or very important employee, with the firm as beneficiary.


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  • Key-man assurance

    noun 1. an assurance policy taken out, esp by a small company, on the life of a senior executive whose death would create a serious loss

  • Key-money

    noun 1. advance rent or security required of a new tenant and given in exchange for the key to the house or apartment. 2. an amount of money paid, often secretly, to a landlord, superintendent, or current tenant by a person desiring future tenancy. noun 1. a fee payment required from a new tenant of […]

  • Keynes

    [keynz] /keɪnz/ noun 1. John Maynard, 1st Baron, 1883–1946, English economist and writer. /keɪnz/ noun 1. John Maynard, 1st Baron Keynes. 1883–1946, English economist. In The General Theory of Employment, Interest and Money (1936) he argued that unemployment was characteristic of an unregulated market economy and therefore to achieve a high level of employment it […]

  • Keynesian

    [keyn-zee-uh n] /ˈkeɪn zi ən/ adjective 1. of or relating to the economic theories, doctrines, or policies of or his followers, especially the policy of maintaining high employment and controlling inflation by varying the interest rates, tax rates, and public expenditure. noun 2. a person who maintains or supports the theories, doctrines, or policies of […]

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