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English (UK)
Cambridge Dictionary Online

Meaning of floating policy in English

floating policy
noun [ C ]
  INSURANCE
uk
us
plural floating policies (also floater)
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a type of insurance in which the value of the goods being insured cannot be calculated exactly, so the payment for insuring them can be changed after a period of time
a type of insurance that protects property or goods in any place and while they are being moved from one place to another
(Definition of floating policy from the Cambridge Business English Dictionary © Cambridge University Press)
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