insurance

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Concise Oxford English Dictionary © 2008 Oxford University Press:
insurance/ɪnˈʃʊərəns/
noun
  • 1 the action of insuring someone or something.

    ■ the business of providing insurance.

    ■ money paid as compensation under an insurance policy.

  • 2 a thing providing protection against a possible eventuality.
usage: There is a technical distinction between insurance and assurance in the context of life insurance: see usage at assurance.
'insurance' also found in these Oxford entries:

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