• News By Shawn
    Definition:
    Insurance - (n.) 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.
    Insurance - (n.) The premium paid for insuring property or life.
    Insurance - (n.) The sum for which life or property is insured.
    Insurance - (n.) A guaranty, security, or pledge; assurance.
    News By Shawn
    Definition: Similar or Containing
    Insurancer - (n.) One who effects insurance; an insurer; an underwriter.
    Reinsurance - (n.) Insurance a second time or again; renewed insurance.
    Reinsurance - (n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
    News By Shawn
    Oxford: Definition:
    Insurance - n. 1 insuring. 2 a sum paid for this. B sum paid out as compensation for theft, damage, etc. [french: related to *ensure]
    News By Shawn
    Oxford: Definition: Similar or Containing
    Life insurance - n. Insurance for a sum to be paid after a set period or on the death of the insured person if earlier.
    National insurance - n. System of compulsory payments by employed persons (supplemented by employers) to provide state assistance in sickness etc.

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