Dictionary

self-insurance

self–insurance

noun self–in·sur·ance \in-ˈshr-ən(t)s, -ˈin-ˌ\

Definition of SELF-INSURANCE

:  insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses

First Known Use of SELF-INSURANCE

circa 1897

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