Word Meanings - INSURANCE - Book Publishers vocabulary database

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.

Additional info about word: INSURANCE

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., 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. 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.

Related words: (words related to INSURANCE)

• CONTINGENT
  Dependent for effect on something that may or may not occur; as, a contingent estate. If a contingent legacy be left to any one when he attains, or if he attains, the age of twenty-one. Blackstone. (more info) touch on all sides, to happen; con-
• CALLOSUM
  The great band commissural fibers which unites the two cerebral hemispheres. See corpus callosum, under Carpus.
• SPECIFICNESS
  The quality or state of being specific.
• CALLOW
  1. Destitute of feathers; naked; unfledged. An in the leafy summit, spied a nest, Which, o'er the callow young, a sparrow pressed. Dryden. 2. Immature; boyish; "green"; as, a callow youth. I perceive by this, thou art but a callow maid. Old Play .
• CALLE
  A kind of head covering; a caul. Chaucer.
• ASSURER
  1. One who assures. Specifically: One who insures against loss; an insurer or underwriter. 2. One who takes out a life assurance policy.
• INSURMOUNTABILITY
  The state or quality of being insurmountable.
• PARTY
  1. A part or portion. "The most party of the time." Chaucer. 2. A number of persons united in opinion or action, as distinguished from, or opposed to, the rest of a community or association; esp., one of the parts into which a people is divided
• EVENT
  1. That which comes, arrives, or happens; that which falls out; any incident, good or bad. "The events of his early years." Macaulay. To watch quietly the course of events. Jowett There is one event to the righteous, and to the wicked. Eccl. ix.
• ANOTHER-GUESS
  Of another sort. It used to go in another-guess manner. Arbuthnot.
• AGAINSTAND
  To withstand.
• STIPULATION
  A material article of an agreement; an undertaking in the nature of bail taken in the admiralty courts; a bargain. Bouvier. Wharton. Syn. -- Agreement; contract; engagement. See Covenant. (more info) 1. The act of stipulating; a contracting or
• SPECIFICALLY
  In a specific manner.
• CONTRACTIBLE
  Capable of contraction. Small air bladders distable and contractible. Arbuthnot.
• ASSURGENT
  Ascending;
• EVENTILATION
  The act of eventilating; discussion. Bp. Berkely.
• INSURRECTIONIST
  One who favors, or takes part in, insurrection; an insurgent.
• CALL
  callen, AS. ceallin; akin to Icel & Sw. kalla, Dan. kalde, D. kallen 1. To command or request to come or be present; to summon; as, to call a servant. Call hither Clifford; bid him come amain Shak. 2. To summon to the discharge of a particular
• CALLIOPE
  The Muse that presides over eloquence and heroic poetry; mother of Orpheus, and chief of the nine Muses. (more info) beautiful) +
• EVENTFUL
  Full of, or rich in, events or incidents; as, an eventful journey; an eventful period of history; an eventful period of life.
• GYMNASTICALLY
  In a gymnastic manner.
• IMPREVENTABLE
  Not preventable; invitable.
• HYPERCRITICALLY
  In a hypercritical manner.
• UNEMPIRICALLY
  Not empirically; without experiment or experience.
• SCALLION
  A kind of small onion , native of Palestine; the eschalot, or shallot. 2. Any onion which does not "bottom out," but remains with a thick stem like a leek. Amer. Cyc.
• UNIVOCALLY
  In a univocal manner; in one term; in one sense; not equivocally. How is sin univocally distinguished into venial and mortal, if the venial be not sin Bp. Hall.
• PREVENTATIVE
  That which prevents; -- incorrectly used instead of preventive.
• PARABOLICALLY
  1. By way of parable; in a parabolic manner. 2. In the form of a parabola.
• STEREOGRAPHICALLY
  In a stereographical manner; by delineation on a plane.
• HEMEROCALLIS
  A genus of plants, some species of which are cultivated for their beautiful flowers; day lily.
• UNDERGROUND INSURANCE
  Wildcat insurance.
• EXSTIPULATE
  Having no stipules. Martyn.
• ASCERTAINMENT
  The act of ascertaining; a reducing to certainty; a finding out by investigation; discovery. The positive ascertainment of its limits. Burke.
• ACRONYCALLY
  In an acronycal manner as rising at the setting of the sun, and vise versâ.