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lump sum top-ups

Discussion in 'Financial Terms' started by mauuuuu5, Feb 11, 2013.

  1. mauuuuu5 New Member

    Australia
    Spanish
    Hola estoy mirando un termino del sector asegurador que dice "lump sum top-ups to an existing life insurance contract" la parte que no entiendo es la que tengo resaltada. No se si dice "Un pago de máxima cuantía a un contrato de seguro de vida existente"

    Gracias
     
  2. grahamcracker Senior Member

    English-TEXAS
    "Lump sum" refers to a total pay out of the policy at one time. I don't know what "top-ups" means. It might be a special term defined in the policy.
     
  3. dr_monica2k Junior Member

    American English
    From the internet:
    Noun 1. top-up - an amount needed to restore something to its former level
     
  4. grahamcracker Senior Member

    English-TEXAS
    In that case, it refers to the loss of the policy's value when the policy holder borrows against the policy.
     
  5. mauuuuu5 New Member

    Australia
    Spanish
    Thank you I will take the both definitions given and make a translation of the term. Very appreciated.

    Mauricio
     

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