See: straight petition in bankruptcy .
Insurance Encyclopedia
Straight life annuity
Type of annuity policy that makes periodic payments to the annuitant as long as the annuitant is alive but no benefits after death.
Straight life income option
Life insurance policy settlement where payments to the beneficiary continue until the beneficiary’s death.
Straight life insurance
See: continuous-premium whole life insurance .
Straight life policy (Life Insurance)
Also called a continuous premium whole life policy. This policy extends the premiums over the duration of the insured’s life, up to 100 years.
Straight petition in bankruptcy
All nonexempt assets of the bankrupt person are liquidated and are distributed according to the law to the creditors. Secured creditors are first in line for payment of all secured debt. Unsecured creditors are last. Also called Chapter 7 bankruptcy or absolute bankruptcy .
straightforward (SF)
Minimal type of medical decision-making.
straightforward (SF) medical decision-making
One of four types of medical decision-making that indicates a minimal number of diagnoses, zero to minimal data or complexity of data to be reviewed, and minimal risk of complications and/or morbidity or mortality.
Stranded
A term used to describe a ship that has run aground.
Stranding
Contact with the sea bed or other obstruction and the vessel or craft must remain for a reasonable period time hard and fast. (ii) The running a ground of ship or vessel.
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UK: Occurs where a vessel takes the ground in an unusual manner and remains hard and fast for an appreciable length of time owing to some extraneous and accidental cause and not in the ordinary course of navigation.