suscipient (iou) and No claim bonus (finance)

suscipient (iou)

suscipient noun & adjective. Now rare or obsolete. E17.
[Latin suscipient- pres. ppl stem of suscipere: see SUSCEPTIBLE, -ENT.]
A. noun. A recipient, esp. of a sacrament. E17.
b. adjective. Receiving, recipient; receptive. M17.

No claim bonus (finance)

A bonus which is awarded to a policy holder when no claims have been made on an insurance policy during the period of insurance, usually one year.

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