social insurance

noun

Definition of social insurance

:protection of the individual against economic hazards (such as unemployment, old age, or disability) in which the government participates or enforces the participation of employers and affected individuals

First Known Use of social insurance

1890


Law Dictionary

social insurance

noun

legal Definition of social insurance

:insurance of the individual against certain hazards (as unemployment, old age, and disability) that is undertaken, facilitated, or enforced by government

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