Insurance
Webster's Dictionary [1]
(1): ( n.) A guaranty, security, or pledge; assurance.
(2): ( n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
(3): ( n.) The premium paid for insuring property or life.
(4): ( n.) The sum for which life or property is insured.
King James Dictionary [2]
Insu'Rance, n. from insure. The act of insuring or assuring against loss or damage or a contract by which one engages for a stipulated consideration or premium per cent to make up a loss which another may sustain. Insurance is usually made on goods or property exposed to uncommon hazard, or on lives.
Insurance company, a company or corporation whose business is to insure against loss or damage.
