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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
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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. |
| From Dictionary
Company Definition–noun | 1. | a number of individuals assembled or associated together; group of people. |
| 2. | a guest or guests: We're having company for dinner. |
| 3. | an assemblage of persons for social purposes. |
| 4. | companionship; fellowship; association: I always
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enjoy her company. |
| 5. | one's usual companions: I don't like the company he keeps. |
| 7. | a number of persons united or incorporated for joint action, esp. for business: a publishing company; a dance company. |
| 8. | (initial capital letter ) the members of a firm not specifically named in the firm's title: George Higgins
37d
and Company. |
| 9. | Military. | a. | the smallest body of troops, consisting of a headquarters and two or three platoons. |
| b. | any relatively small group of soldiers. |
| c. | Army. a basic unit with both tactical and administrative functions. |
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| 10. | a unit of firefighters, including their
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special apparatus: a hook-and-ladder company. |
| 12. | a medieval trade guild. |
| 13. | the Company, Informal. a nation's major intelligence-gathering and espionage organization, as the U.S. Central Intelligence Agency. |
–verb (used without object) | 14. | Archaic. to associate. |
–verb (used with object) | 15. | Archaic. to accompany. |
—Idioms| 16. | keep company, | a. | to associate with; be a friend of. |
| b. | Informal. to go together, as in courtship: My sister has been keeping company with a young lawyer. |
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| 17. | part company, | a. | to cease association or friendship with: We parted company 20 years ago after the argument. |
| b. | to take a different or opposite view; differ: He parted company with his father on politics. |
| c. | to separate: We parted company at the airport. |
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| From Dictionary
Related topics from BritannicaBusiness 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 ...
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 ...
property an object of legal rights, which embraces possessions or wealth collectively, frequently with strong connotations of individual ownership. In law the term refers to the complex of jural relationships ...
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