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wait-a-bit
wait on
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waiver of premium
waiv·er of pre·mi·um


noun 
Definition:
 
forgoing of payment for insurance: an insurance company's willingness to forgo receipt of premium payments if the insured person becomes physically or mentally challenged
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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