insurance
pronunciation
How to pronounce insurance in British English:
UK [ɪnˈʃʊərəns]
How to pronounce insurance in American English:
US [ɪnˈʃʊrəns]
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- 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
- written contract or certificate of insurance
- protection against future loss
Word Origin
- insurance (n.)
- 1550s, "engagement to marry," a variant of ensurance (see ensure). Commercial sense of "security against loss or death in exchange for payment" is from 1650s. Assurance was the older term for this (late 16c.).
Example
- 1. He works in an insurance company .
- 2. But insurance is more open to doubt than other areas .
- 3. Insurance premiums have surged 9 % in america since 2010 .
- 4. It is easy to see why icbc is keen on investment banking and insurance .
- 5. The beauty of the structure is that the insurance is sold only on a rolling six-month basis .