What is the Definition of Elimination Period?
A kind of deductible or waiting period usually found in disability policies. It is counted in days from the beginning of the illness or injury.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Insurance?
What is the Definition of Elimination Period?
Check out other definition of insurance terms below:
Meaning of Travel Insurance in Insurance Terms
Insurance to cover problems associated with traveling, generally including trip cancellation due to illness, lost luggage and other incidents.
Meaning of Uninsurable Risk in Insurance Terms
Risks that do not meet the criteria of an insurable risk. (See Insurable risk)
Meaning of Treasury Securities in Insurance Terms
Interest-bearing obligations of the U.S. government issued by the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. Marketable Treasury securities fall into three categories—bills, notes and bonds. Marketable Treasury obligations are currently issued in book entry form only; that is, the purchaser receives a statement, rather than an engraved certificate.
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