discovery period

  • The period allowed the insured after termination, under certain bond and policy provisions, to uncover a loss that occurred during the period covered by the contract.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).