Insurance

English Meaning

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.

1. The act, business, or system of insuring.
2. The state of being insured.
3. A means of being insured.
4. Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid.
5. The sum or rate for which such a contract insures something.
6. The periodic premium paid for this coverage.
7. A protective measure: biking helmets that provide insurance against a head injury.
8. Sports Of, relating to, or being a score that increases a team's lead enough to prevent the opposing team from tying the game with one more score: an insurance run.