Meanings
adjectivenonpar (not comparable)
- not comparablebusinessnonparticipating
With a nonpar policy, the company fixes a premium rate it figures will be high enough to finance all the policy's guarantees and low enough to be competitive. And then it must stick with that rate.
1972 May, Kiplinger's Personal Finance, volume 26, number 5, page 36
Origin
Shortening.
Full word history & related roots →Cite this entry
APA
nonpar. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/nonpar
MLA
“nonpar.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/nonpar. Accessed November 3, 2026.
Chicago
WatkinsX Dictionary, s.v. “nonpar,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/nonpar.
Source: nonpar on Wiktionary, CC BY-SA 4.0.