What does nonpar mean?
Nonpar means (finance) nonparticipating.
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Pronunciation varies by accent · adjective
(finance) nonparticipating.
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.
Use nonpar when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Nonpar means (finance) nonparticipating.
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
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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