no-claims bonus Meaning in the Cambridge English Dictionary
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Meaning of “no-claims bonus” in the English Dictionary

"no-claims bonus" in British English

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no-claims bonusnoun [C]

uk   /ˌnəʊ.kleɪmzˈbəʊ.nəs/  us   /ˌnoʊ.kleɪmzˈboʊ-/ (also no-claims discount) UK
an ​amount by which someone's ​payment for insurance is ​reduced, ​especially for a ​motorvehicle, because they have not made any ​claims for a ​particularperiod
(Definition of no-claims bonus from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"no claims bonus" in Business English

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no claims bonusnoun [C]

uk   us   (also no claims discount) INSURANCE
a ​reduction in the ​amountpaid for ​insurance because no claims (= ​requests for ​moneyfollowing accidents or ​losses) have been made during a particular ​period: If you make a ​claim you might lose your no ​claimsbonus.
(Definition of no claims bonus from the Cambridge Business English Dictionary © Cambridge University Press)
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