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. | |
From Dictionary
Rate Definition–noun | 1. | the amount of a charge or payment with reference to some basis of calculation: a high rate of interest on loans. | | 2. | a certain quantity or amount of one thing considered in relation to a unit of another thing and used as a standard or measure: at the rate of 60 miles an hour. | | 3. | a fixed charge per unit of quantity: a rate of 10 cents a pound. | | 4. | price; cost: to cut rates on all home furnishings. | | 5. | degree of speed, progress, etc.: to work at a rapid rate. | | 6. | degree or comparative extent of action or procedure: the rate of increase in work output. | | 7. | relative condition or quality; grade, class, or sort. | | 8. | assigned position in any of a series of graded classes; rating. | | 9. | Insurance. the premium charge per unit of insurance. | | 10. | a charge by a common carrier for transportation, sometimes including certain services involved in rendering such transportation. | | 11. | a wage paid on a specified time basis: a salary figured on an hourly rate. | | 12. | a charge
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or price established in accordance with a scale or standard: hotel rates based on length of stay. | | 13. | Horology. the relative adherence of a timepiece to perfect timekeeping, measured in terms of the amount of time gained or lost within a certain period. | | 14. | Usually, rates. British. | a. | a tax on property for some local purpose. | | b. | any tax assessed and paid to a local government, as any city tax or district tax. | | –verb (used with object) | 15. | to estimate the value or worth of; appraise: to rate a student's class performance. | | 16. | to esteem, consider, or account: He was rated one of the best writers around. | | 17. | to fix at a certain rate, as of charge or payment. | | 18. | to value for purposes of taxation or the like. | | 19. | to make subject to the payment of a certain rate or tax. | | 20. | to place in a certain rank, class, etc., as a ship or a sailor; give a specific rating to. | | 21. | to be considered or treated as worthy of; merit: an event that doesn't even rate a mention in most histories of the period. | | 22. | to arrange for the conveyance of (goods) at a certain rate. | –verb (used without object) | 23. | to have value, standing, etc.: a performance that didn't rate very high in the competition. | | 24. | to have position in a certain class. | | 25. | to rank very high in estimation: The new teacher really rates with our class. | —Idiom | 26. | at any rate, | a. | in any event; in any case. | | b. | at least: It was a mediocre film, but at any rate there was one outstanding
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individual performance. | | |
From Dictionary
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