Definition of no-claims bonus noun from the Oxford Advanced Learner's Dictionary


no-claims bonus

BrE BrE//ˌnəʊ ˈkleɪmz bəʊnəs//
; NAmE NAmE//ˌnoʊ ˈkleɪmz boʊnəs//
(also no-claim bonus, no-claim(s) discount) (all British English)
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a reduction in the cost of your insurance because you made no claims in the previous year a five-year no-claims bonus to lose your no-claims bonus Wordfinderactuary, annuity, cover, excess, insurance, no-claims bonus, policy, premium, risk, underwrite