equity-linked policy

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Definitions of equity-linked policy words

noun equity-linked policy an insurance or assurance policy in which premiums are invested partially or wholly in ordinary shares for the eventual benefit of the beneficiaries of the policy 0
noun equity-linked policy An equity-linked policy is an insurance policy in which part or all of the premiums are invested in ordinary shares for the benefit of the beneficiaries of the policy. 0

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exclamation

A common word. It’s meaning is known to most children of preschool age. About 98% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

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