Business Dictionary :
Life



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Life : noun : time when a person is alive


For life = for as long as someone is alive

  • His pension gives him a comfortable income for life.

    • Life Annuity = annual payments made to someone as long as he is alive


    Annuity for Life = annual payments made to someone as long as he is alive


    Life Assurance = insurance which pays a sum of money when someone dies or at a certain date if he is still alive


    Life Insurance = insurance which pays a sum of money when someone dies or at a certain date if he is still alive


    The Life Assured = the person whose life has been covered by the life assurance


    The Life Insured = the person whose life has been covered by the life assurance


    Life Expectancy = number of years a person is likely to live


    Life Interest = interest in a property which stops when a person dies


    Life : noun : period of time something exists
  • The life of a loan

  • During the life of the agreement

  • Shelf life of a product = length of time during which a product can stay in the shop and still be good to use

    • Lifeboat : noun : boat used to rescue passengers from sinking ships


    Lifeboat Operation = rescue of a company (especially of a bank) which is in difficulties









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