definition of insurance

by CHARU » Thu Nov 20, 2008 07:54 am
Posts: 1
Joined: 20 Nov 2008

definition of insurance

Total Comments: 2

Posted: Thu Nov 20, 2008 09:56 am Post Subject:

Just like the Mafia, you have to pay for protection.

noun:

1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.

2. coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.

3. the contract itself, set forth in a written or printed agreement or policy.

4. the amount for which anything is insured.

5. an insurance premium.

6. any means of guaranteeing against loss or harm, just like the Mafia, you have to pay for protection.

adjective: 7. of or pertaining to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5.

Posted: Thu Nov 20, 2008 10:18 am Post Subject:

Great response Gary :D However, I'm sorry I've to lock this tread. :)

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