Idea or Concept
insurance Audio
in·sur·ance [ in-shoo r-uhns, -shur- ]
Definitions related to insurance:
  • A mechanism for guarding against financial aspects of risk by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.
    NCI
    U.S. National Cancer Institute, 2021
  • Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency.
    NLM Medical Subject Headings
    U.S. National Library of Medicine, 2025
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