Meaning of 'insurance'
Meaning of 'insurance' (Webster Dictionary)
- The act of insuring, or assuring, against loss or damage
by a contingent event; a contract whereby, for a stipulated
consideration, called premium, one party undertakes to indemnify or
guarantee another against loss by certain specified risks. Cf.
Assurance, n., 6.
- The premium paid for insuring property or life.
- The sum for which life or property is insured.
- A guaranty, security, or pledge; assurance.
- The premium paid for insuring property or life.
- The sum for which life or property is insured.
- A guaranty, security, or pledge; assurance.
Meaning of 'insurance' (Princeton's WordNet)
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