nonpar

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English

Etymology

Shortening.

Adjective

nonpar (not comparable)

  1. (finance) nonparticipating
    • 1972, Kiplinger's Personal Finance (volume 26, number 5, May 1972, 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.

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