compensation fund
Frequency: 7.211.2 per million words
A pool of money set aside to pay compensation claims.
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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.