FindLaw Legal Dictionary
The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
short rate n
1 : an insurance premium charge for less than a year of coverage that is more than a pro rata part of the annual premium
2 : an insurance policy written for less than one year called also short term
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.