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
Have you ever googled your own name and found someone else who goes by the very same moniker? There’s a word for that: googleganger. Plus, the language of hobbyists and enthusiasts: If you’re a beekeeper, perhaps you call yourself a...
She sells seashells by the seashore. Who is the she in this tongue twister? Some claim it’s the young Mary Anning, who went on to become a famous 19th-century British paleontologist. Dubious perhaps, but the story of her rise from seaside...