Method of settlement wher the claimant or beneficiary receives the entire proceeds of the policy at once rather than in instalments. Life policies are usually settled in this way.

Certificate ‘transferring’ pension scheme must supply when a member transfers to another scheme. The certificate shows the maximum available from the transfer payment for the new pension.

The bell from HMS Lutine, a captured French vessel, lost in 1799 when carrying bullion much of which was recovered in 1857-8. The bell now hangs in the ‘Room’ at Lloyd’s above the Caller’s Rostrum and is rung to call attention to very important announcements such as casualties and arrivals of missing ships. It is rung once for bad news and twice for good news.