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insurance

114 ENTRIES FOUND:

1in·sur·ance

noun \in-ˈshr-ən(t)s also ˈin-ˌ\

Definition of INSURANCE

1
a : the business of insuring persons or property b : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril c : the sum for which something is insured
2
: a means of guaranteeing protection or safety <the contract is your insurance against price changes>

Examples of INSURANCE

  1. insurance against theft or damage
  2. She has a job in insurance.
  3. I work for an insurance company.

First Known Use of INSURANCE

1651

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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