insurance
n. contract by which property or persons are guaranteed against damage or loss; something which protects or guarantees safety | ||||
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Insurance Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Insurance
A system whereby individuals or companies apprehensive about property loss or damage make payments in the form of premiums to an insurance company, who pays an agreed upon sum to the insured in the event of loss.
A system whereby individuals or companies apprehensive about property loss or damage make payments in the form of premiums to an insurance company, who pays an agreed upon sum to the insured in the event of loss.
| Raynet Business & Marketing Glossary |
Insurance
a promise of compensation for specific potential future losses in exchange for a periodic payment.
a promise of compensation for specific potential future losses in exchange for a periodic payment.
| Company Info: Ticker, Name, Description |
IAAI
Insurance Auto Auctions, Inc.
Exchange: Nasdaq
Purchases and auctions total loss and recovered theft vehicles; And offers insurance companies and other vehicle suppliers cost-effective salvage processing solutions, by auctioning on fixed fee consignment and percentage of sale consignment basis, various total loss and recovered theft vehicles.
Insurance Auto Auctions, Inc.
Exchange: Nasdaq
Purchases and auctions total loss and recovered theft vehicles; And offers insurance companies and other vehicle suppliers cost-effective salvage processing solutions, by auctioning on fixed fee consignment and percentage of sale consignment basis, various total loss and recovered theft vehicles.
INMG
INSURANCE MANAGEMENT SOLU
Exchange: OTCBB
Not Available
Insurance Definition from Language, Idioms & Slang Dictionaries & Glossaries
| Webster's Revised Unabridged Dictionary (1913) |
Insurance
(n.)
The sum for which life or property is insured.
(n.)
The premium paid for insuring property or life.
(n.)
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.
(n.)
A guaranty, security, or pledge; assurance.
(n.)
The sum for which life or property is insured.
(n.)
The premium paid for insuring property or life.
(n.)
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.
(n.)
A guaranty, security, or pledge; assurance.
| WordNet 2.0 |
insurance
Noun
1. 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
(hypernym) security, protection
(hyponym) assurance
(derivation) cover, insure, underwrite
2. written contract or certificate of insurance; "you should have read the small print on your policy"
(synonym) policy, insurance policy
(hypernym) contract
(hyponym) floater, floating policy
3. protection against future loss
(synonym) indemnity
(hypernym) protection, shelter
(derivation) insure
Noun
1. 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
(hypernym) security, protection
(hyponym) assurance
(derivation) cover, insure, underwrite
2. written contract or certificate of insurance; "you should have read the small print on your policy"
(synonym) policy, insurance policy
(hypernym) contract
(hyponym) floater, floating policy
3. protection against future loss
(synonym) indemnity
(hypernym) protection, shelter
(derivation) insure
| The Devil's Dictionary |
INSURANCE
Insurance, (n.)
An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
INSURANCE AGENT: My dear sir, that is a fine house -- pray let me
insure it.
HOUSE OWNER: With pleasure. Please make the annual premium so
low that by the time when, according to the tables of your
actuary, it will probably be destroyed by fire I will have
paid you considerably less than the face of the policy.
INSURANCE AGENT: O dear, no -- we could not afford to do that.
We must fix the premium so that you will have paid more.
HOUSE OWNER: How, then, can "I" afford "that"?
INSURANCE AGENT: Why, your house may burn down at any time.
There was Smith's house, for example, which --
HOUSE OWNER: Spare me -- there were Brown's house, on the
contrary, and Jones's house, and Robinson's house, which --
INSURANCE AGENT: Spare "me"!
HOUSE OWNER: Let us understand each other. You want me to pay
you money on the supposition that something will occur
previously to the time set by yourself for its occurrence. In
other words, you expect me to bet that my house will not last
so long as you say that it will probably last.
INSURANCE AGENT: But if your house burns without insurance it
will be a total loss.
HOUSE OWNER: Beg your pardon -- by your own actuary's tables I
shall probably have saved, when it burns, all the premiums I
would otherwise have paid to you -- amounting to more than the
face of the policy they would have bought. But suppose it to
burn, uninsured, before the time upon which your figures are
based. If I could not afford that, how could you if it were
insured?
INSURANCE AGENT: O, we should make ourselves whole from our
luckier ventures with other clients. Virtually, they pay your
loss.
HOUSE OWNER: And virtually, then, don't I help to pay their
losses? Are not their houses as likely as mine to burn before
they have paid you as much as you must pay them? The case
stands this way: you expect to take more money from your
clients than you pay to them, do you not?
INSURANCE AGENT: Certainly; if we did not --
HOUSE OWNER: I would not trust you with my money. Very well
then. If it is "certain", with reference to the whole body of
your clients, that they lose money on you it is "probable",
with reference to any one of them, that "he" will. It is
these individual probabilities that make the aggregate
certainty.
INSURANCE AGENT: I will not deny it -- but look at the figures in
this pamph --
HOUSE OWNER: Heaven forbid!
INSURANCE AGENT: You spoke of saving the premiums which you would
otherwise pay to me. Will you not be more likely to squander
them? We offer you an incentive to thrift.
HOUSE OWNER: The willingness of A to take care of B's money is
not peculiar to insurance, but as a charitable institution you
command esteem. Deign to accept its expression from a
Deserving Object.
Insurance, (n.)
An ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
INSURANCE AGENT: My dear sir, that is a fine house -- pray let me
insure it.
HOUSE OWNER: With pleasure. Please make the annual premium so
low that by the time when, according to the tables of your
actuary, it will probably be destroyed by fire I will have
paid you considerably less than the face of the policy.
INSURANCE AGENT: O dear, no -- we could not afford to do that.
We must fix the premium so that you will have paid more.
HOUSE OWNER: How, then, can "I" afford "that"?
INSURANCE AGENT: Why, your house may burn down at any time.
There was Smith's house, for example, which --
HOUSE OWNER: Spare me -- there were Brown's house, on the
contrary, and Jones's house, and Robinson's house, which --
INSURANCE AGENT: Spare "me"!
HOUSE OWNER: Let us understand each other. You want me to pay
you money on the supposition that something will occur
previously to the time set by yourself for its occurrence. In
other words, you expect me to bet that my house will not last
so long as you say that it will probably last.
INSURANCE AGENT: But if your house burns without insurance it
will be a total loss.
HOUSE OWNER: Beg your pardon -- by your own actuary's tables I
shall probably have saved, when it burns, all the premiums I
would otherwise have paid to you -- amounting to more than the
face of the policy they would have bought. But suppose it to
burn, uninsured, before the time upon which your figures are
based. If I could not afford that, how could you if it were
insured?
INSURANCE AGENT: O, we should make ourselves whole from our
luckier ventures with other clients. Virtually, they pay your
loss.
HOUSE OWNER: And virtually, then, don't I help to pay their
losses? Are not their houses as likely as mine to burn before
they have paid you as much as you must pay them? The case
stands this way: you expect to take more money from your
clients than you pay to them, do you not?
INSURANCE AGENT: Certainly; if we did not --
HOUSE OWNER: I would not trust you with my money. Very well
then. If it is "certain", with reference to the whole body of
your clients, that they lose money on you it is "probable",
with reference to any one of them, that "he" will. It is
these individual probabilities that make the aggregate
certainty.
INSURANCE AGENT: I will not deny it -- but look at the figures in
this pamph --
HOUSE OWNER: Heaven forbid!
INSURANCE AGENT: You spoke of saving the premiums which you would
otherwise pay to me. Will you not be more likely to squander
them? We offer you an incentive to thrift.
HOUSE OWNER: The willingness of A to take care of B's money is
not peculiar to insurance, but as a charitable institution you
command esteem. Deign to accept its expression from a
Deserving Object.
| hEnglish - advanced version |
insurance
insurance
\in*sur"ance\ (?), n. [from insure.]
1. 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.
note: the person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. 's cyc.
2. the premium paid for insuring property or life.
3. the sum for which life or property is insured.
4. a guaranty, security, or pledge; assurance. [obs.] the most acceptable insurance of the divine protection.
similar words(20)
insurance underwriter
underground insurance
insurance firm
mutual insurance
insurance agent
endowment insurance
insurance policy
life insurance
accident insurance
term insurance
insurance premium
self-insurance fund
insurance claim
insurance company
insurance broker
mutual insurance company
marine insurance
tontine insurance
insurance reserve
fire insurance
insurance
\in*sur"ance\ (?), n. [from insure.]
1. 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.
note: the person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. 's cyc.
2. the premium paid for insuring property or life.
3. the sum for which life or property is insured.
4. a guaranty, security, or pledge; assurance. [obs.] the most acceptable insurance of the divine protection.
similar words(20)
insurance underwriter
underground insurance
insurance firm
mutual insurance
insurance agent
endowment insurance
insurance policy
life insurance
accident insurance
term insurance
insurance premium
self-insurance fund
insurance claim
insurance company
insurance broker
mutual insurance company
marine insurance
tontine insurance
insurance reserve
fire insurance
| English Phonetics |
Insurance Definition from Law Dictionaries & Glossaries
| Duhaime.org Legal Dictionary |
Insurance
Where a persons agrees, for consideration, to pay a certain amount on the occurrence of a specified event. - (read more on Insurance)
Where a persons agrees, for consideration, to pay a certain amount on the occurrence of a specified event. - (read more on Insurance)
Insurance Definition from Sports Dictionaries & Glossaries
| maritime&shipping&trade |
Insurance
A system of protection against loss under which a party agrees to pay a certain sum (premiums) for a guarantee that they will be compensated under certain conditions for loss or damage.
A system of protection against loss under which a party agrees to pay a certain sum (premiums) for a guarantee that they will be compensated under certain conditions for loss or damage.
Insurance Definition from Entertainment & Music Dictionaries & Glossaries
| gambling |
Insurance
- a side bet in blackjack that's offered when the dealer's upcard is an ace.
- a side bet in blackjack that's offered when the dealer's upcard is an ace.
| Blackjack Glossary |
Insurance
Side bet offered when dealer shows ten as up card. Player is allowed to bet up to 50% of original bet that dealer's hole card is a ten and thus a Blackjack, in which case the insurance bet pays off at 2 to 1. Taking the insurance bet is highly advantageous to the house, unless the player is card counting. Covered in Volume 1
Side bet offered when dealer shows ten as up card. Player is allowed to bet up to 50% of original bet that dealer's hole card is a ten and thus a Blackjack, in which case the insurance bet pays off at 2 to 1. Taking the insurance bet is highly advantageous to the house, unless the player is card counting. Covered in Volume 1
Insurance Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Insurance
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Insurer, in economics, is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
| See more at Wikipedia.org... |