Name(redirected from Names at Lloyd's)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
A wealthy individual who provides a great deal of capital that underwrites the activities of Lloyd's of London. Names spread risk of insurance among themselves along with corporations. For most of Lloyd's centuries-long history, names had unlimited liability for any losses associated with being a name. Lloyd's introduced names with limited liability in 1994, and they have become increasingly important.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved