Florida Health Insurance Definitions

Florida Health Insurance Terms:

Define: "Proceeds"

The amount payable under the terms of a life insurance policy upon the insured's death or upon the maturity of an endowment.

OTHER USES -- "Money received through a sale or loan. The term sometimes refers to net proceeds (after any commissions, fees or other charges are deducted), and sometimes refers to gross proceeds. "

More Examples of Proceeds:

"proceeds from the sale of What’s Cookin’ in Fanny Bay are used for the everyday operation and ... "

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