Nonpar
Definition, Meaning & Examples
Part of speech adjective
Quick meaning: Nonpar is an adjective meaning (finance) nonparticipating.
Meaning
(finance) nonparticipating.
Example Sentences
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.
Related Words
Related dictionary entries include nonparticipating, unparticipating, no-par, passive, noncapitalized, nonparticipant.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.