nonpar
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English
[edit]Etymology
[edit]Shortening.
Adjective
[edit]nonpar (not comparable)
- (finance) nonparticipating
- 1972 May, Kiplinger's Personal Finance, volume 26, number 5, page 36:
- With a nonpar policy, the company fixes a premium rate it figures will be high enough to finance all the policy's guarantees and low enough to be competitive. And then it must stick with that rate.