lloyd's Meaning, Definition & Usage

Lloyd's noun
Definitions
  1. An association of underwriters and others in London, for the collection and diffusion of marine intelligence, the insurance, classification, registration, and certifying of vessels, and the transaction of business of various kinds connected with shipping.
  2. A part of the Royal Exchange, in London, appropriated to the use of underwriters and insurance brokers; -- called also Lloyd's Rooms. ✍ The name is derived from Lloyd's Coffee House, in Lombard Street, where there were formerly rooms for the same purpose. The name Lloyd or Lloyd's has been taken by several associations, in different parts of Europe, established for purposes similar to those of the original association.

Webster 1913