run-off
n.— «An insurer that closes to new business—called run-off in industry parlance—usually keeps a bare minimum of staff for as long as is necessary to honour claims being lodged on policies already sold.» —“sEnergy to go out of business” by Lilla Zuill Royal Gazette (Hamilton, Bermuda) Apr. 11, 2006. (source: Double-Tongued Dictionary)
Further reading
The word nurdle, sometimes spelled nerdle, can be used to denote various “small bits of things,” such as styrofoam packing material or detritus in one’s pockets. It may be related to the word nodule. Like thingamabob and whatsit...
Is there such a thing as a “neutral” accent, and if so what does it sound like? And that quirk in the way southern Californians talk about freeways. They’ll say things like take the 405 and get on the 8. Why the definite article...