insurance(=car insurance that pays for damage whether it is caused by you or by someone else)The cost of comprehensive insurance is likely to drop.third-party insurance(=insurance that pays money to someone who is hurt or whose property is damaged by something you have done)You are legally ...
The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence.
The home run gave the team an insurance run, making the score 7-5. Discover More Other Words From non in·sur ancenoun pre in·sur ancenoun pro in·sur anceadjective Discover More Word History and Origins Origin ofinsurance1 First recorded in 1545–55;insure+-ance ...
The meaning of HEALTH INSURANCE is insurance against loss through illness of the insured; especially : insurance providing compensation for medical expenses.
God now homes in the hearts of His people. verb (used with object) homed,homing. to provide with a home: After being microchipped and fully vaccinated, the puppy was homed with six weeks free insurance. Computers. to provide (a computer) with a network connection: ...
In a Cost, Insurance and Freight agreement, the seller bears all the costs to transport the goods to the port of destination.
Using CFR, though, the seller isn't responsible for buying marine insurance against the risk of damage or loss to the package during transit. Also, responsibility for the package only transfers to the receiver or buyer when it reaches the designated port of destination. The buyer is then ...
3. What is the meaning of the US Visa annotation “See CCD”? What is CCD on a US Visa? CCD stands for Consular Consolidated Database. It is a system that is used by US Consular officers, CBP officers, and other personnel of the US State Department. It is also the system that is...
A transfer of risk is a business agreement in which one party pays another to take responsibility for mitigating specific losses that may or may not occur. This is the underlying tenet of the insurance industry. Risks may be transferred between individuals, from individuals to insurance companies,...
Catastrophe insurance is also different from other types of insurance from a business standpoint. It is difficult to estimate the total potential exposure to, and cost of, an insured loss, especially since a catastrophic event often results in an extremely large number of claims being filed simulta...