in|sur|ance

in|sur|ance
in|sur|ance «ihn SHUR uhns», noun.
1. the act or process of insuring property, person, or life. Fire insurance, burglary insurance, accident insurance, life insurance, and health insurance are some of the many kinds.
2. a) the business of insuring property, person, or life. b) the contract made between an insurance company and a person or group as set forth in a policy.
3. the amount of money for which a person or thing is insured: »

He has $10,000 life insurance, which his wife will receive if he dies first.

4. the amount of money paid for insurance; premium: »

His fire insurance is $300 a year.

5. any means of making certain, insuring, or protecting: »

A balanced diet is an insurance against malnutrition.

6. Sports. a score that insures a team's lead for the rest of the game.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • as|sur|ance — «uh SHUR uhns», noun. 1. a making sure or certain. 2. a statement intended to make a person more sure or certain; positive declaration inspiring confidence: »Her employer gave her his assurance that she would receive a raise in pay. SYNONYM(S):… …   Useful english dictionary

  • co|in|sur|ance — «KOH ihn SHUR uhns», noun. 1. insurance jointly with another or others. 2. a form of insurance, in which a person taking out insurance on property for less than its full value is regarded as a joint insurer and becomes jointly responsible for… …   Useful english dictionary

  • re|as|sur|ance — «REE uh SHUR uhns», noun. 1. new or fresh assurance. 2. the restoration of courage or confidence. 3. British. reinsurance: »The total of sums assured under new policies in the year was over £56,700,000, after deduction of reassurances (London… …   Useful english dictionary

  • re|in|sur|ance — «REE ihn SHUR uhns», noun. 1. the act of reinsuring. 2. the amount covered by it …   Useful english dictionary

  • self-as|sur|ance — «SEHLF uh SHUR uhns», noun. = self confidence. (Cf. ↑self confidence) …   Useful english dictionary

  • self-in|sur|ance — «SEHLF ihn SHUR uhns», noun. the insuring of oneself, one s own property, or the like, through oneself rather than through an insurance company, as by setting aside a fund for the purpose …   Useful english dictionary

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