Insurance : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

English Dictionary: Insurance	by the DICT Development Group
2 results for Insurance
From WordNet (r) 3.0 (2006) [wn]:
insurance 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 written contract or certificate of insurance; "you should have read the small print on your policy" Synonym(s): policy, insurance policy, insurance protection against future loss Synonym(s): indemnity, insurance
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Insurance \Insur"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. --Johnson'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. --Mickle. {Accident insurance}, insurance against pecuniary loss by reason of accident to the person. {Endowment insurance} [or] {assurance}, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. {Fire insurance}. See under {Fire}. {Insurance broker}, a broker or agent who effects insurance. {Insurance company}, a company or corporation whose business it is to insure against loss, damage, or death. {Insurance policy}, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured. {Life insurance}. See under {Life}.