mid-terminal reserve

  • A reserve based on interpolation between two terminal reserves as follows: One half (Beginning of year terminal reserves + end of year terminal reserve) plus additional unearned premium reserved for portion of the current year net premium beyond December 31.

    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).