self–insurance

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

Definition of self–insurance

  1. :  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


Law Dictionary

self–insurance

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

Legal Definition of self–insurance

  1. :  insurance of oneself, one's interests, or one's components (as of a governmental unit) through the use of a fund that one maintains to cover losses


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