Open policy

Open policy
Policy Pol"i*cy, n. [F. police; cf. Pr. polissia, Sp. p['o]lizia, It. p['o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum, account book, register, fr. Gr. ? having many folds or leaves; ? many + ? fold, leaf, from ? to fold; or cf. LL. apodixa a receipt.] 1. A ticket or warrant for money in the public funds. [1913 Webster]

2. The writing or instrument in which a contract of insurance is embodied; an instrument in writing containing the terms and conditions on which one party engages to indemnify another against loss arising from certain hazards, perils, or risks to which his person or property may be exposed. See {Insurance}. [1913 Webster]

3. A method of gambling by betting as to what numbers will be drawn in a lottery; as, to play policy. [1913 Webster]

{Interest policy}, a policy that shows by its form that the assured has a real, substantial interest in the matter insured.

{Open policy}, one in which the value of the goods or property insured is not mentioned.

{Policy book}, a book to contain a record of insurance policies.

{Policy holder}, one to whom an insurance policy has been granted.

{Policy shop}, a gambling place where one may bet on the numbers which will be drawn in lotteries.

{Valued policy}, one in which the value of the goods, property, or interest insured is specified.

{Wager policy}, a policy that shows on the face of it that the contract it embodies is a pretended insurance, founded on an ideal risk, where the insured has no interest in anything insured. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • open policy — noun : a continuous policy of marine insurance that is terminable by either party after notice, covers specific shipments automatically, and has the premiums determined by the values reported * * * Insurance. a continuous policy covering goods of …   Useful english dictionary

  • open policy — A marine cargo insurance policy issued to cover various unspecified exports over the life of the policy. Bloomberg Financial Dictionary …   Financial and business terms

  • open policy — A policy of insurance covering property in which the value of the property insured is not fixed, but is left to be determined definitely in case of loss. 29A Am J Rev ed Ins § 1586. A term sometimes applied to a running policy. 29 Am J Rev ed …   Ballentine's law dictionary

  • open policy — Insurance. a continuous policy covering goods of a class subject to changes in volume, usually requiring periodic reports of values. [1875 80] * * * …   Universalium

  • open policy — /oʊpən ˈpɒləsi/ (say ohpuhn poluhsee) noun a form of marine insurance policy where the value of the subject insured is not stated, and has to be proved when a loss occurs …  

  • open policy — See open cover …   Big dictionary of business and management

  • Common Open Policy Service — Der Common Open Policy Service (COPS) ist die “Sprache der Router”. Router müssen sich untereinander koordinieren, ob sie einem RSVP Request (zeitlich begrenzte Reservierung einer bestimmten Mindestbandbreite) entsprechen können oder nicht. Es… …   Deutsch Wikipedia

  • Common Open Policy Service —    Основные протоколы TCP/IP по уровням модели OSI (Список портов TCP и UDP) …   Википедия

  • Common Open Policy Service — Internet protocol suite Application layer BGP DHCP DNS FTP HTTP …   Wikipedia

  • open cover — open policy A marine cargo insurance policy in which the insurer agrees to cover any voyage undertaken by the policyholder s vessel(s) or any cargo shipped by a particular shipper. A policy condition requires a declaration to be completed on a… …   Big dictionary of business and management

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