Home › Moneys of the World › Economy, and the Public Accounts: Scot

Economy, and the Public Accounts: Scot

Poinding, Scot., an adjudication and sale of movables for debt. Policy, the deed embodying the contract of insurance. In Marine insurance a valued policy is where the interest is valued; while an open policy is one wherein the amount or interest is left for subsequent establishment. In an open policy, where the value shipped is not equal to the value insured, the difference is termed over-insurance; and the proportional amount of premium returnable by the insurer is called a return for short interest. Post Obit Bond, a bond payable only after death.