See Also: Wilmot Proviso(encyclopedia)
Interest-sensitive insurance policy(money)
Interest sensitive insurance policy(finance)
Interest sensitive stock(finance)
Interest-sensitive stock(money)
Rochester, John Wilmot, 2nd earl of(encyclopedia)
Proviso(money)
proviso(dictionary)
proviso(dictionary)
Tight money or dear money(finance)

Interest-sensitive insurance policy (money) and Wilmot Proviso (sh)


Interest-sensitive insurance policy (money)


Definition: [crh] A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation.







Wilmot Proviso (sh)




(1846) Proposal in the U.S. Congress to prohibit the extension of slavery to the territories.

Offered by Rep. David Wilmot (1814-68) as an amendment to a bill that purchased territory from Mexico, it prohibited slavery in the new territory. The proviso provoked a national debate that reflected the growing sectional discord between North and South. Despite repeated attempts, the Wilmot Proviso was never passed by both houses of Congress. Nevertheless, the principle became a basic tenet of the Republican Party.