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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
From the M-W Editors
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
Learn More about social insurance
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Britannica.com: Encyclopedia article about social insurance
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