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Define insurance????...... |
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Answer» plz mark me as brainlist and plz FOLLOW me friendsExplanation:noun1.an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, DAMAGE, illness, or DEATH in return for PAYMENT of a specified premium."many NEW borrowers take out insurance against unemployment or sickness"Similar:indemnityindemnification(financial) protectionsecuritysuretycoverassurance2.a thing providing protection against a possible eventuality."jackets were hung on the back of their chairs, insurance against an encounter with air-conditioning"Similar:protectiondefencesafeguardsafety measuresheltersecurityprecautionprovisionpreventive measureimmunityguaranteewarrantybackstop |
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