insurance
noun
- an insuring or being insured against loss; a system of protection against loss in which a number of individuals agree to pay certain sums (premiums) periodically for a guarantee that they will be compensated under stipulated conditions for any specified loss by fire, accident, death, etc.
- a contract guaranteeing such protection: usually called : see policy, sense
- the premium specified for such a contract
- the amount for which life, property, etc. is insured
- the business of insuring against loss
See insurance in American Heritage Dictionary 4
(ĭn-sho͝orˈəns)
nouna. The act, business, or system of insuring.
b. The state of being insured.
c. A means of being insured.
a. Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid.
b. The sum or rate for which such a contract insures something.
c. The periodic premium paid for this coverage.
- A protective measure: biking helmets that provide insurance against a head injury.
adjective Sports Of, relating to, or being a score that increases a team's lead enough to prevent the opposing team from tying the game with one more score: an insurance run.
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