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Insurance

ɪnˈʃʊər(ə)n(t)s

Insurance definitions
noun
insurance insurances
  1. an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium

    "many new borrowers take out insurance against unemployment or sickness"

    • the business of providing insurance

      "Howard is in insurance"

    • money paid for insurance

      "my insurance has gone up"

    • money paid out as compensation under an insurance policy

      "when will I be able to collect the insurance?"

  2. a thing providing protection against a possible eventuality

    "jackets were hung on the back of their chairs, insurance against an encounter with air-conditioning"