What does Short Rate Table mean? Read on to discover the definition & meaning of the term Short Rate Table - to help you better understand the language used in insurance policies.
Short Rate Table
Short rate table refers to the table that calculates how much an insurance company can retain from premiums paid by a policyholder who cancels their policy before its expiration. It is usually a percentage of the payments given to the insurance company.
We hope the you have a better understanding of the meaning of Short Rate Table.