Definition of “no-claims bonus” - English Dictionary

british dictionary

“no-claims bonus” in British English

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no-claims bonusnoun [ C ]

uk /ˌnəʊ.kleɪmz ˈbəʊ.nəs/ us /ˌnoʊ.kleɪmz ˈboʊ.nəs/ also no-claims discount UK

(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 amount paid for insurance because no claims (= requests for money following accidents or losses) have been made during a particular period:

If you make a claim you might lose your no claims bonus.

(Definition of “no claims bonus” from the Cambridge Business English Dictionary © Cambridge University Press)