What does Declassification mean? Read on to discover the definition & meaning of the term Declassification - to help you better understand the language used in insurance policies.
A corporate governance term, referring to a board of directors in which all directors stand for reelection in the same year. Conversely, a classified board, in which directors serve "staggered" terms, is one in which only some directors are up for reelection in any given year.
We hope the you have a better understanding of the meaning of Declassification.