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1

insurance

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noun in·sur·ance \in-ˈshu̇r-ən(t)s also ˈin-ˌ\

Simple Definition of insurance

  • : an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen

  • : the amount of money a person regularly pays an insurance company as part of an insurance agreement

  • : the amount of money that a person receives from an insurance company

Source: Merriam-Webster's Learner's Dictionary

Full Definition of insurance

  1. 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. 2 :  a means of guaranteeing protection or safety <the contract is your insurance against price changes>

Examples of insurance in a sentence

  1. insurance against theft or damage

  2. She has a job in insurance.

  3. I work for an insurance company.



1651

First Known Use of insurance

1651


2

insurance

adjective in·sur·ance

Definition of insurance

  1. :  being a score that adds to a team's lead and makes it impossible for the opposing team to tie the game with its next score <an insurance run>



1954

First Known Use of insurance

1954



INSURANCE Defined for Kids

insurance

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noun in·sur·ance \in-ˈshu̇r-əns\

Definition of insurance for Students

  1. 1 :  an agreement by which a person pays a company and the company promises to pay money if the person becomes injured or dies or to pay for the value of property lost or damaged

  2. 2 :  the amount for which something is insured

  3. 3 :  the business of insuring persons or property




Law Dictionary

insurance

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noun in·sur·ance \in-ˈshu̇r-əns, ˈin-ˌshu̇r-\

Legal Definition of insurance

  1. 1 :  the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness)

  2. 2a :  the business of insuring persons or property b :  coverage by contract whereby for an agreed payment one party agrees to indemnify or guarantee another against loss by a specified contingency or peril c :  the principles and practice of the business of insuring

  3. 3 :  the sum for which something is insured





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