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
Indulge Your Inner Word Nerd
1890
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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