noun 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
noun written contract or certificate of insurance
policy; insurance policy.
- you should have read the small print on your policy
noun protection against future loss
- 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.
✍ 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.
- The premium paid for insuring property or life.
- The sum for which life or property is insured.
- A guaranty, security, or pledge; assurance. Obs.
The most acceptable insurance of the divine protection.
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"Rowling never met an adverb she didn't like."
-Stephen King on J.K Rowling's excessive use of adverbs.
Fear not the Adverb Hell!