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Thursday, November 21st, 2024
the Week of Proper 28 / Ordinary 33
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Bible Dictionaries
Contribution Plan

Webster's Dictionary

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A plan of distributing surplus by giving to each policy the excess of premiums and interest earned thereon over the expenses of management, cost of insurance, and the policy value at the date of computation. This excess is called the contribution of the policy.

Bibliography Information
Webster, Noah. Entry for 'Contribution Plan'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​c/contribution-plan.html. 1828.
 
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