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 Glossary   >   I   >   "Interim bonus" Definition   

        Interim bonus

A bonus declared by life companies when maturity of a with profits policy or death of the assured occurs between normal bonus declaration dates.

Interim bonus


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Interim bonus - A bonus declared by life companies when maturity of a with profits policy or death of the assured occurs between normal bonus declaration dates.


Interim bonus : a bonus declared by life companies when maturity of a with profits policy or death of the assured occurs between normal bonus declaration dates.