Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “terminal bonus”

terminal bonus

noun [C]    
INSURANCE an extra payment made to the owner of some types of insurance policy at the time that the policy is ready to be paid: At maturity, the insurance company pays the sum assured.
(Definition of terminal bonus noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of terminal bonus

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More