catflap.org Online Dictionary Query

  Insurance \In*sur"ance\, n. [From Insure.]
     [1913 Webster]
     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.
        [1913 Webster]
  
     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.
           [1913 Webster]
  
     2. The premium paid for insuring property or life.
        [1913 Webster]
  
     3. The sum for which life or property is insured.
        [1913 Webster]
  
     4. A guaranty, security, or pledge; assurance. [Obs.]
        [1913 Webster]
  
              The most acceptable insurance of the divine
              protection.                           --Mickle.
        [1913 Webster]
  
     5. Hence: Any means of assuring against loss; a precaution;
        as, we always use our seat belts as insurance against
        injury.
        [PJC]
  
     Accident insurance, insurance against pecuniary loss by
        reason of accident to the person.
  
     Endowment insurance or Endowment 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. Also
        called whole life insurance.
  
     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.
        [1913 Webster]

  endowment assurance
     n.
     (lb en insurance) A form of life insurance paying a lump sum to the
  policyholder on survival to a fixed date, or to the estate or
  beneficiaries if the policyholder dies before that date.

  endowment assurance
     n.
     (lb en insurance) A form of life insurance paying a lump sum to the
  policyholder on survival to a fixed date, or to the estate or
  beneficiaries if the policyholder dies before that date.

  endowment assurance
     n.
     (lb en insurance) A form of life insurance paying a lump sum to the
  policyholder on survival to a fixed date, or to the estate or
  beneficiaries if the policyholder dies before that date.

  endowment assurance
     n.
     (lb en insurance) A form of life insurance paying a lump sum to the
  policyholder on survival to a fixed date, or to the estate or
  beneficiaries if the policyholder dies before that date.