compensation fund

Frequency: 7.211.2 per million words

A pool of money set aside to pay compensation claims.

Categories:

Examples (10)

  • The government established a compensation fund for the victims of the natural disaster.
  • The court ordered the company to contribute a significant amount to the victims' compensation fund.
  • Investors are protected by a financial services compensation fund in case their brokerage firm fails.
  • Is there a compensation fund available for passengers affected by the airline's bankruptcy?
  • Claims will be paid out from the national compensation fund once they are verified.
  • A special committee has been appointed to manage the compensation fund.
  • All member institutions are required to pay into the industry's compensation fund annually.
  • After years of payouts, the asbestos compensation fund is nearing depletion.
  • The legislation proposes the creation of a new compensation fund, which will be financed by a levy on insurance policies.
  • Anyone who suffered losses should apply to the official compensation fund before the deadline.