INSURANCE

policy, insurance policy, insurance

(noun) written contract or certificate of insurance; “you should have read the small print on your policy”

insurance

(noun) promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

indemnity, insurance

(noun) protection against future loss

Source: WordNet® 3.1


Etymology

From the older form ensurance, see also assurance.

Noun

insurance (usually uncountable, plural insurances)

A means of indemnity against a future occurrence of an uncertain event.

The business of providing insurance.

(figurative) Any attempt to forestall an unfavorable event.

(blackjack) A bet made after the deal, which pays off if the dealer has blackjack.

(countable) An insurance policy

Anagrams

• nuisancer, uncarines

Source: Wiktionary


In*sur"ance, n. Etym: [From Insure.]

1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.

Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. Johnson's Cyc.

2. The premium paid for insuring property or life.

3. The sum for which life or property is insured.

4. A guaranty, security, or pledge; assurance. [Obs.] The most acceptable insurance of the divine protection. Mickle. Accident insurance, insurance against pecuniary loss by reason of accident to the person.

– Endowment insurance or assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified.

– Fire insurance. See under Fire.

– Insurance broker, a broker or agent who effects insurance.

– Insurance company, a company or corporation whose business it is to insure against loss, damage, or death.

– Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.

– Life insurance. See under Life.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

2 July 2024

CIRCULATE

(verb) move through a space, circuit or system, returning to the starting point; “Blood circulates in my veins”; “The air here does not circulate”


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