Automobile Definition–noun | 1. | a passenger vehicle designed for operation on ordinary roads and typically having four wheels and a gasoline or diesel internal-combustion engine. | –adjective |
From Dictionary Insurance Definition–noun | 1. | the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. | | 2. | coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. | | 3. | the contract itself, set forth in a written or printed agreement or policy. | | 4. | the amount for which anything is insured. | | 6. | any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds. | –adjective | 7. | of or pertaining to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5. | |
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Related topics from Britannicainsurance
a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental ...
motor vehicle insurance
a contract by which the insurer assumes the risk of any loss the owner or operator of a car may incur through damage to property or persons as the result of an accident. There are many specific forms ...
liability insurance
insurance against claims of loss or damage for which a policyholder might have to compensate another party. The policy covers losses resulting from acts or omissions which are legally deemed to be ...
casualty insurance
provision against loss to persons and property, covering legal hazards as well as those of accident and sickness. Major classes of casualty insurance include liability, theft, aviation, workers' ...
marine insurance
contract whereby, for a consideration stipulated to be paid by one interested in a ship or cargo that is subject to the risks of marine navigation, another undertakes to indemnify him against some ...
automobile club
an organization of automobile owners. Begun as social clubs in which persons with an interest in motoring and motor racing could meet, such clubs later also developed into service organizations that ...
insurance
Nearly half of all property-liability insurance written in the United States is in the area of automobile insurance. Set up as a comprehensive contract in most parts of the world, automobile ...
Business and Industry Review
As the fourth consecutive year of record numbers of mergers and acquisitions in the insurance business, 1998 was most notable as the year of especially large-scale mergers in worldwide private ...
Business and Industry Review
World insurance news in 1996 was again highlighted by losses from catastrophes. The crash off Long Island of TWA Flight 800, which caused 230 deaths, had $600 million of potential liability. By 1996 ...
Business and Industry Review
Land, sea, and air disasters shook the insurance world in 1994. The year started badly with a severe earthquake in California and widespread winter storm damage on the East Coast. Later, tragic ...
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