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Definition of insurance

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insurance

noun (n)

  • promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company (noun.possession)
    source: wordnet30
  • written contract or certificate of insurance (noun.communication)
    source: wordnet30
  • protection against future loss (noun.state)
    Synonym: indemnity
    source: wordnet30
  • 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. (noun)
    source: webster1913

Visual Synonyms (Thesaurus)

noun

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