insurance

Definition

  • noun: an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
  • noun: the business of 'insuring' persons or property
  • usually + 'against'
  • synonyms: assurance, precaution, underwrite

Examples

  • What's the monthly 'insurance' on your car? [=how much money do you pay each month for insurance for your car?]

  • He was very glad that he had 'taken out insurance on' the boat. [=that he had insured the boat]

  • Education provides 'insurance against' instability in the job market.

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