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insurance

Definition:

(nou) 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 (nou) written contract or certificate of insurance (nou) protection against future loss

Phonetic Transcription:

ɪnˈʃʊərəns

Examples:

The most common donee beneficiary contract is a life insurance policy.

It is a contract between the insured and the insurance company.

The insurance paperwork is in the briefcase.

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insurance

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