insurance
NOUN:
1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
2. coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.
3. the contract itself, set forth in a written or printed agreement or policy.
4. the amount for which anything is insured.
5. an insurance premium.
6. any means of guaranteeing against loss or harm:
Taking vitamin C is viewed as an insurance against catching colds.
7. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection.
8. the state of having such protection.
9. Also called "insurance policy," the policy providing such protection.
10. the pecuniary amount of such protection.
11. the premium payable in return for such protection.
—as modifier:
insurance agent; insurance broker; insurance company.
12. a means of protecting or safeguarding against risk or injury.
13. coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
14. the business of insuring persons or property.
15. the sum for which something is insured.
16. a means of guaranteeing protection or safety:
The contract is your insurance against price changes; Frequent hand washing is good insurance against the common cold.
Examples:
insurance against theft or damage; She has a job in insurance. —Merriam-Webster.
in gambling:
a side bet that a player in blackjack may place when the dealer's first faceup card is an ace.
An insurance bet can be up to half of a player's original bet. It wins at 2 to 1 odds if the dealer's cards add up to 21.
Origin:
First recorded in 1545–55; insure + -ance. —Dictionary.com. // First Known Use of insurance: Noun: 1651. Adjective: 1954. —Merriam-Webster.
Sources: 1, 2.
Added: 17 August 2020 {8:50 AM}
1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
2. coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.
3. the contract itself, set forth in a written or printed agreement or policy.
4. the amount for which anything is insured.
5. an insurance premium.
6. any means of guaranteeing against loss or harm:
Taking vitamin C is viewed as an insurance against catching colds.
7. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection.
8. the state of having such protection.
9. Also called "insurance policy," the policy providing such protection.
10. the pecuniary amount of such protection.
11. the premium payable in return for such protection.
—as modifier:
insurance agent; insurance broker; insurance company.
12. a means of protecting or safeguarding against risk or injury.
13. coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
14. the business of insuring persons or property.
15. the sum for which something is insured.
16. a means of guaranteeing protection or safety:
The contract is your insurance against price changes; Frequent hand washing is good insurance against the common cold.
Examples:
insurance against theft or damage; She has a job in insurance. —Merriam-Webster.
in gambling:
a side bet that a player in blackjack may place when the dealer's first faceup card is an ace.
An insurance bet can be up to half of a player's original bet. It wins at 2 to 1 odds if the dealer's cards add up to 21.
Origin:
First recorded in 1545–55; insure + -ance. —Dictionary.com. // First Known Use of insurance: Noun: 1651. Adjective: 1954. —Merriam-Webster.
Sources: 1, 2.
Added: 17 August 2020 {8:50 AM}