also: かけずて
noun, noun which may take the genitive case particle 'no'
fixed-term payment; non-refundable premium
Typically used in insurance contexts to describe a policy where premiums are paid for a set term and are not returned if no claim is made. Often appears as 掛け捨て保険.
掛け捨ての生命保険に加入した。
I took out a term life insurance policy (with no refund of premiums).
掛け捨て型の保険は月々の支払いが安い。
Non-refundable premium insurance has low monthly payments.
noun
stopping payment; lapsing a policy
Refers to the act of discontinuing premium payments, causing the insurance to lapse. Often used in the pattern 掛け捨てにする. Less common than sense 1.
経済的に苦しくて保険を掛け捨てにした。
Due to financial difficulties, I let my insurance lapse.
Variant spelling without okurigana け; less common but still encountered.
Compound of 掛け (かけ, 'payment, installment') + 捨て (すて, 'throwing away, discarding'). The literal sense is 'pay and throw away', reflecting the non-refundable nature of such payments.