The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

FLOATING POLICY Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

Insurance for instance of uncertain cost that cannot be calculated. The premuim charges are computed based on the end of the policy. It is recalculated many times based on the situation and depends on the conditions of each occurance.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.