| slovo | definícia |
insurance
(mass) | insurance
- poistenie |
insurance
(encz) | insurance,pojistka Pavel Machek; Giza |
insurance
(encz) | insurance,pojištění |
insurance
(encz) | insurance,pojišťovací Pavel Machek; Giza |
Insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
insurance
(wn) | insurance
n 1: promise of reimbursement in the case of loss; paid to
people or companies so concerned about hazards that they
have made prepayments to an insurance company
2: written contract or certificate of insurance; "you should
have read the small print on your policy" [syn: policy,
insurance policy, insurance]
3: protection against future loss [syn: indemnity,
insurance] |
insurance
(devil) | INSURANCE, n. An ingenious modern game of chance in which the player
is permitted to enjoy the comfortable conviction that he is beating
the man who keeps the table.
INSURANCE AGENT: My dear sir, that is a fine house -- pray let me
insure it.
HOUSE OWNER: With pleasure. Please make the annual premium so
low that by the time when, according to the tables of your
actuary, it will probably be destroyed by fire I will have
paid you considerably less than the face of the policy.
INSURANCE AGENT: O dear, no -- we could not afford to do that.
We must fix the premium so that you will have paid more.
HOUSE OWNER: How, then, can _I_ afford _that_?
INSURANCE AGENT: Why, your house may burn down at any time.
There was Smith's house, for example, which --
HOUSE OWNER: Spare me -- there were Brown's house, on the
contrary, and Jones's house, and Robinson's house, which --
INSURANCE AGENT: Spare _me_!
HOUSE OWNER: Let us understand each other. You want me to pay
you money on the supposition that something will occur
previously to the time set by yourself for its occurrence. In
other words, you expect me to bet that my house will not last
so long as you say that it will probably last.
INSURANCE AGENT: But if your house burns without insurance it
will be a total loss.
HOUSE OWNER: Beg your pardon -- by your own actuary's tables I
shall probably have saved, when it burns, all the premiums I
would otherwise have paid to you -- amounting to more than the
face of the policy they would have bought. But suppose it to
burn, uninsured, before the time upon which your figures are
based. If I could not afford that, how could you if it were
insured?
INSURANCE AGENT: O, we should make ourselves whole from our
luckier ventures with other clients. Virtually, they pay your
loss.
HOUSE OWNER: And virtually, then, don't I help to pay their
losses? Are not their houses as likely as mine to burn before
they have paid you as much as you must pay them? The case
stands this way: you expect to take more money from your
clients than you pay to them, do you not?
INSURANCE AGENT: Certainly; if we did not --
HOUSE OWNER: I would not trust you with my money. Very well
then. If it is _certain_, with reference to the whole body of
your clients, that they lose money on you it is _probable_,
with reference to any one of them, that _he_ will. It is
these individual probabilities that make the aggregate
certainty.
INSURANCE AGENT: I will not deny it -- but look at the figures in
this pamph --
HOUSE OWNER: Heaven forbid!
INSURANCE AGENT: You spoke of saving the premiums which you would
otherwise pay to me. Will you not be more likely to squander
them? We offer you an incentive to thrift.
HOUSE OWNER: The willingness of A to take care of B's money is
not peculiar to insurance, but as a charitable institution you
command esteem. Deign to accept its expression from a
Deserving Object.
|
INSURANCE
(bouvier) | INSURANCE, contracts. It is defined to be a contract of indemnity from loss
or damage arising upon an uncertain event. 1 Marsh. Ins. 104. It is more
fully defined to be a contract by which one of the parties, called the
insurer, binds himself to the other, called the insured, to pay him a sum of
money, or otherwise indemnify him in case of the happening of a fortuitous
event, provided for in a general or special manner in the contract, in
consideration of a premium which the latter pays, or binds himself to pay
him. Pardess. part 3, t. 8, n. 588; 1 Bouv. Inst. n. 1174.
2. The instrument by which the contract is made is denominated a
policy; the events or causes to be insured against, risks or perils; and the
thing insured, the subject or insurable interest.
3. Marine insurance relates to property and risks at sea; insurance of
property on shore against fire, is called fire insurance; and the various
contracts in such cases, are fire policies. Insurance of the lives of
individuals are called insurances on lives. Vide Double Insurance; Re-
Insurance.
|
INSURANCE
(bouvier) | INSURANCE, MARINE, contracts. Marine insurance is a contract whereby one
party, for a stipulated premium, undertakes to indemnify the other against
certain perils or sea risks, to which his ship, freight, or cargo, or some
of them may be exposed, during a certain voyage, or a fixed period of time.
3 Kent, Com. 203; Boulay-Paty, Dr. Commercial, t. 10.
2. This contract is usually reduced to writing; the instrument is
called a policy of insurance. (q. v.)
3. All persons, whether natives, citizens, or aliens, may be insured,
with the exception of alien enemies.
4. The insurance may be of goods on a certain ship, or without naming
any, as upon goods on board any ship or ships. The subject insured must be
an insurable legal interest.
5. The contract requires the most perfect good faith; if the insured
make false representations to the insurer, in order to procure his insurance
upon better terms, it will avoid the contract, though the loss arose from a
cause unconnected with the misrepresentation, or the concealment happened
through mistake, neglect, or accident, without any fraudulent intention.
Vide Kent, Com. Lecture, 48; Marsh. Ins. c. 4; Pardessus, Dr. Com. part 4,
t. 5, n. 756, et seq.; Boulay-Paty, Dr. Com. t. 10.
|
| | podobné slovo | definícia |
insurance
(mass) | insurance
- poistenie |
insurance company
(mass) | insurance company
- poisťovňa |
reinsurance
(mass) | reinsurance
- zaistenie |
accident insurance
(encz) | accident insurance,havarijní pojištění n: |
bankruptcy insurance
(encz) | bankruptcy insurance,pojištění pro případ úpadku n: Ivan Masár |
broad insurance
(encz) | broad insurance,sdružené pojištění |
car insurance
(encz) | car insurance, n: |
coinsurance
(encz) | coinsurance,pojistná spoluúčast Zdeněk Brož |
compherensive insurance
(encz) | compherensive insurance,komplexní pojištění [eko.] RNDr. Pavel Piskač |
deposit insurance
(encz) | deposit insurance,depozitní pojistka Zdeněk Broždeposit insurance,pojištění vkladu Zdeněk Brož |
disability insurance
(encz) | disability insurance, n: |
endowment insurance
(encz) | endowment insurance, n: |
exchange risk insurance
(encz) | exchange risk insurance, |
federal deposit insurance corporation
(encz) | Federal Deposit Insurance Corporation, |
fire insurance
(encz) | fire insurance, n: |
freight and insurance on merchandise
(encz) | freight and insurance on merchandise, |
group insurance
(encz) | group insurance, n: |
hazard insurance
(encz) | hazard insurance, n: |
health insurance
(encz) | health insurance, n: |
hospitalization insurance
(encz) | hospitalization insurance, n: |
insurance
(encz) | insurance,pojistka Pavel Machek; Gizainsurance,pojištění insurance,pojišťovací Pavel Machek; Giza |
insurance agent
(encz) | insurance agent, n: |
insurance broker
(encz) | insurance broker,pojišťovací agent n: [fin.] Pino |
insurance claim
(encz) | insurance claim, n: |
insurance company
(encz) | insurance company,pojišťovna |
insurance contract
(encz) | insurance contract,pojistná smlouva [ekon.] RNDr. Pavel Piskač |
insurance coverage
(encz) | insurance coverage, n: |
insurance firm
(encz) | insurance firm, n: |
insurance policy
(encz) | insurance policy,pojistná smlouva n: Zdeněk Brož |
insurance premium
(encz) | insurance premium,pojistné adj: Zdeněk Brož |
insurance rate
(encz) | insurance rate,pojistné adj: Zdeněk Brož |
insurance underwriter
(encz) | insurance underwriter, n: |
liability insurance
(encz) | liability insurance,pojištění odpovědnosti n: Karel Dvořák |
life insurance
(encz) | life insurance,životní pojištění n: Zdeněk Brož |
loan risk insurance
(encz) | loan risk insurance,pojištění úvěrového rizika n: [ekon.] Ivan Masár |
malpractice insurance
(encz) | malpractice insurance, n: |
national insurance
(encz) | national insurance, n: |
no fault automobile insurance
(encz) | no fault automobile insurance, n: |
no fault insurance
(encz) | no fault insurance, n: |
old-age insurance
(encz) | old-age insurance, n: |
ordinary life insurance
(encz) | ordinary life insurance, n: |
payables to social securities and health insurance
(encz) | payables to social securities and health insurance,závazky ze sociálního
zabezpečení a sociálního pojištění [ekon.] rozvaha/balance sheet Ivan
Masár |
receivables from social security and health insurance
(encz) | receivables from social security and health insurance,sociální
zabezpečení a zdravotní pojištění [ekon.] rozvaha/balance sheet Ivan
Masár |
reinsurance
(encz) | reinsurance,zajištění n: Zdeněk Brož |
self-insurance
(encz) | self-insurance,samopojištění Zdeněk Brož |
social insurance
(encz) | social insurance, n: |
social security expenses and health insurance
(encz) | social security expenses and health insurance,náklady na sociální
zabezpečení a zdravotní pojištění [ekon.] výkaz zisku a
ztrát=profit/loss account Ivan Masár |
straight life insurance
(encz) | straight life insurance, n: |
survivors insurance
(encz) | survivors insurance, n: |
term insurance
(encz) | term insurance,životní pojištění n: Zdeněk Brož |
tontine insurance
(encz) | tontine insurance, n: |
unemployment insurance
(encz) | unemployment insurance, |
whole life insurance
(encz) | whole life insurance, n: |
Accident insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
Coinsurance
(gcide) | Coinsurance \Co`in*sur"ance\, n. [Co- + insurance.]
Insurance jointly with another or others; specif., that
system of fire insurance in which the insurer is treated as
insuring himself to the extent of that part of the risk not
covered by his policy, so that any loss is apportioned
between him and the insurance company on the principle of
average, as in marine insurance or between other insurers.
[Webster 1913 Suppl.] |
Endowment insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
Fire insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster]Fire \Fire\ (f[imac]r), n. [OE. fir, fyr, fur AS. f[=y]r; akin
to D. vuur, OS. & OHG. fiur, G. feuer, Icel. f[=y]ri,
f[=u]rr, Gr. py^r, and perh. to L. purus pure, E. pure Cf.
Empyrean, Pyre.]
1. The evolution of light and heat in the combustion of
bodies; combustion; state of ignition.
[1913 Webster]
Note: The form of fire exhibited in the combustion of gases
in an ascending stream or current is called flame.
Anciently, fire, air, earth, and water were regarded as
the four elements of which all things are composed.
[1913 Webster]
2. Fuel in a state of combustion, as on a hearth, or in a
stove or a furnace.
[1913 Webster]
3. The burning of a house or town; a conflagration.
[1913 Webster]
4. Anything which destroys or affects like fire.
[1913 Webster]
5. Ardor of passion, whether love or hate; excessive warmth;
consuming violence of temper.
[1913 Webster]
he had fire in his temper. --Atterbury.
[1913 Webster]
6. Liveliness of imagination or fancy; intellectual and moral
enthusiasm; capacity for ardor and zeal.
[1913 Webster]
And bless their critic with a poet's fire. --Pope.
[1913 Webster]
7. Splendor; brilliancy; luster; hence, a star.
[1913 Webster]
Stars, hide your fires. --Shak.
[1913 Webster]
As in a zodiac
representing the heavenly fires. --Milton.
[1913 Webster]
8. Torture by burning; severe trial or affliction.
[1913 Webster]
9. The discharge of firearms; firing; as, the troops were
exposed to a heavy fire.
[1913 Webster]
Blue fire, Red fire, Green fire (Pyrotech.),
compositions of various combustible substances, as
sulphur, niter, lampblack, etc., the flames of which are
colored by various metallic salts, as those of antimony,
strontium, barium, etc.
Fire alarm
(a) A signal given on the breaking out of a fire.
(b) An apparatus for giving such an alarm.
Fire annihilator, a machine, device, or preparation to be
kept at hand for extinguishing fire by smothering it with
some incombustible vapor or gas, as carbonic acid.
Fire balloon.
(a) A balloon raised in the air by the buoyancy of air
heated by a fire placed in the lower part.
(b) A balloon sent up at night with fireworks which ignite
at a regulated height. --Simmonds.
Fire bar, a grate bar.
Fire basket, a portable grate; a cresset. --Knight.
Fire beetle. (Zool.) See in the Vocabulary.
Fire blast, a disease of plants which causes them to appear
as if burnt by fire.
Fire box, the chamber of a furnace, steam boiler, etc., for
the fire.
Fire brick, a refractory brick, capable of sustaining
intense heat without fusion, usually made of fire clay or
of siliceous material, with some cementing substance, and
used for lining fire boxes, etc.
Fire brigade, an organized body of men for extinguished
fires.
Fire bucket. See under Bucket.
Fire bug, an incendiary; one who, from malice or through
mania, persistently sets fire to property; a pyromaniac.
[U.S.]
Fire clay. See under Clay.
Fire company, a company of men managing an engine in
extinguishing fires.
Fire cross. See Fiery cross. [Obs.] --Milton.
Fire damp. See under Damp.
Fire dog. See Firedog, in the Vocabulary.
Fire drill.
(a) A series of evolutions performed by fireman for
practice.
(b) An apparatus for producing fire by friction, by
rapidly twirling a wooden pin in a wooden socket; --
used by the Hindoos during all historic time, and by
many savage peoples.
Fire eater.
(a) A juggler who pretends to eat fire.
(b) A quarrelsome person who seeks affrays; a hotspur.
[Colloq.]
Fire engine, a portable forcing pump, usually on wheels,
for throwing water to extinguish fire.
Fire escape, a contrivance for facilitating escape from
burning buildings.
Fire gilding (Fine Arts), a mode of gilding with an amalgam
of gold and quicksilver, the latter metal being driven off
afterward by heat.
Fire gilt (Fine Arts), gold laid on by the process of fire
gilding.
Fire insurance, the act or system of insuring against fire;
also, a contract by which an insurance company undertakes,
in consideration of the payment of a premium or small
percentage -- usually made periodically -- to indemnify an
owner of property from loss by fire during a specified
period.
Fire irons, utensils for a fireplace or grate, as tongs,
poker, and shovel.
Fire main, a pipe for water, to be used in putting out
fire.
Fire master
(Mil), an artillery officer who formerly supervised the
composition of fireworks.
Fire office, an office at which to effect insurance against
fire.
Fire opal, a variety of opal giving firelike reflections.
Fire ordeal, an ancient mode of trial, in which the test
was the ability of the accused to handle or tread upon
red-hot irons. --Abbot.
Fire pan, a pan for holding or conveying fire, especially
the receptacle for the priming of a gun.
Fire plug, a plug or hydrant for drawing water from the
main pipes in a street, building, etc., for extinguishing
fires.
Fire policy, the writing or instrument expressing the
contract of insurance against loss by fire.
Fire pot.
(a) (Mil.) A small earthen pot filled with combustibles,
formerly used as a missile in war.
(b) The cast iron vessel which holds the fuel or fire in a
furnace.
(c) A crucible.
(d) A solderer's furnace.
Fire raft, a raft laden with combustibles, used for setting
fire to an enemy's ships.
Fire roll, a peculiar beat of the drum to summon men to
their quarters in case of fire.
Fire setting (Mining), the process of softening or cracking
the working face of a lode, to facilitate excavation, by
exposing it to the action of fire; -- now generally
superseded by the use of explosives. --Raymond.
Fire ship, a vessel filled with combustibles, for setting
fire to an enemy's ships.
Fire shovel, a shovel for taking up coals of fire.
Fire stink, the stench from decomposing iron pyrites,
caused by the formation of hydrogen sulfide. --Raymond.
Fire surface, the surfaces of a steam boiler which are
exposed to the direct heat of the fuel and the products of
combustion; heating surface.
Fire swab, a swab saturated with water, for cooling a gun
in action and clearing away particles of powder, etc.
--Farrow.
Fire teaser, in England, the fireman of a steam emgine.
Fire water, a strong alcoholic beverage; -- so called by
the American Indians.
Fire worship, the worship of fire, which prevails chiefly
in Persia, among the followers of Zoroaster, called
Chebers, or Guebers, and among the Parsees of India.
Greek fire. See under Greek.
On fire, burning; hence, ardent; passionate; eager;
zealous.
Running fire, the rapid discharge of firearms in succession
by a line of troops.
St. Anthony's fire, erysipelas; -- an eruptive fever which
St. Anthony was supposed to cure miraculously. --Hoblyn.
St. Elmo's fire. See under Saint Elmo.
To set on fire, to inflame; to kindle.
To take fire, to begin to burn; to fly into a passion.
[1913 Webster] |
hospitalisation insurance
(gcide) | hospitalisation insurance \hospitalisation insurance\ n.
A form of medical insurance that pays for all or part of the
fees for a person's residence and treatment in a hospital.
[PJC] |
Insurance broker
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster]Broker \Bro"ker\ (br[=o]"k[~e]r), n. [OE. brocour, from a word
akin to broken, bruken, to use, enjoy, possess, digest, fr.
AS. br[=u]can to use, enjoy; cf. Fries. broker, F.
brocanteur. See Brook, v. t.]
1. One who transacts business for another; an agent.
[1913 Webster]
2. (Law) An agent employed to effect bargains and contracts,
as a middleman or negotiator, between other persons, for a
compensation commonly called brokerage. He takes no
possession, as broker, of the subject matter of the
negotiation. He generally contracts in the names of those
who employ him, and not in his own. --Story.
[1913 Webster]
3. A dealer in money, notes, bills of exchange, etc.
[1913 Webster]
4. A dealer in secondhand goods. [Eng.]
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5. A pimp or procurer. [Obs.] --Shak.
[1913 Webster]
Bill broker, one who buys and sells notes and bills of
exchange.
Curbstone broker or Street broker, an operator in stocks
(not a member of the Stock Exchange) who executes orders
by running from office to office, or by transactions on
the street. [U.S.]
Exchange broker, one who buys and sells uncurrent money,
and deals in exchanges relating to money.
Insurance broker, one who is agent in procuring insurance
on vessels, or against fire.
Pawn broker. See Pawnbroker.
Real estate broker, one who buys and sells lands, and
negotiates loans, etc., upon mortgage.
Ship broker, one who acts as agent in buying and selling
ships, procuring freight, etc.
Stock broker. See Stockbroker.
[1913 Webster] |
Insurance company
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
Insurance policy
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
insurance reserve
(gcide) | Reserve \Re*serve"\, n. [F. r['e]serve.]
1. The act of reserving, or keeping back; reservation.
[1913 Webster]
However any one may concur in the general scheme, it
is still with certain reserves and deviations.
--Addison.
[1913 Webster]
2. That which is reserved, or kept back, as for future use.
[1913 Webster]
The virgins, besides the oil in their lamps, carried
likewise a reserve in some other vessel for a
continual supply. --Tillotson.
[1913 Webster]
3. That which is excepted; exception.
[1913 Webster]
Each has some darling lust, which pleads for a
reserve. --Rogers.
[1913 Webster]
4. Restraint of freedom in words or actions; backwardness;
caution in personal behavior.
[1913 Webster]
My soul, surprised, and from her sex disjoined,
Left all reserve, and all the sex, behind. --Prior.
[1913 Webster]
The clergyman's shy and sensitive reserve had balked
this scheme. --Hawthorne.
[1913 Webster]
5. A tract of land reserved, or set apart, for a particular
purpose; as, the Connecticut Reserve in Ohio, originally
set apart for the school fund of Connecticut; the Clergy
Reserves in Canada, for the support of the clergy.
[1913 Webster]
6. (Mil.)
(a) A body of troops in the rear of an army drawn up for
battle, reserved to support the other lines as
occasion may require; a force or body of troops kept
for an exigency.
(b) troops trained but released from active service,
retained as a formal part of the military force, and
liable to be recalled to active service in cases of
national need (see Army organization, above).
[1913 Webster +PJC]
7. (Banking) Funds kept on hand to meet liabilities.
[1913 Webster]
8. (Finance)
(a) That part of the assets of a bank or other financial
institution specially kept in cash in a more or less
liquid form as a reasonable provision for meeting all
demands which may be made upon it; specif.:
(b) (Banking) Usually, the uninvested cash kept on hand
for this purpose, called the real reserve. In Great
Britain the ultimate real reserve is the gold kept on
hand in the Bank of England, largely represented by
the notes in hand in its own banking department; and
any balance which a bank has with the Bank of England
is a part of its reserve. In the United States the
reserve of a national bank consists of the amount of
lawful money it holds on hand against deposits, which
is required by law (in 1913) to be not less than 15
per cent (--U. S. Rev. Stat. secs. 5191, 5192), three
fifths of which the banks not in a reserve city (which
see) may keep deposited as balances in national banks
that are in reserve cities (--U. S. Rev. Stat. sec.
5192).
(c) (Life Insurance) The amount of funds or assets
necessary for a company to have at any given time to
enable it, with interest and premiums paid as they
shall accure, to meet all claims on the insurance then
in force as they would mature according to the
particular mortality table accepted. The reserve is
always reckoned as a liability, and is calculated on
net premiums. It is theoretically the difference
between the present value of the total insurance and
the present value of the future premiums on the
insurance. The reserve, being an amount for which
another company could, theoretically, afford to take
over the insurance, is sometimes called the
reinsurance fund or the
self-insurance fund. For the first year upon any policy the
net premium is called the
initial reserve, and the balance left at the end of the
year including interest is the
terminal reserve. For subsequent years the initial reserve
is the net premium, if any, plus the terminal reserve of
the previous year. The portion of the reserve to be
absorbed from the initial reserve in any year in payment
of losses is sometimes called the
insurance reserve, and the terminal reserve is then called
the
investment reserve.
[Webster 1913 Suppl.]
9. In exhibitions, a distinction which indicates that the
recipient will get a prize if another should be
disqualified.
[Webster 1913 Suppl.]
10. (Calico Printing) A resist.
[Webster 1913 Suppl.]
11. A preparation used on an object being electroplated to
fix the limits of the deposit.
[Webster 1913 Suppl.] |
Insurancer
(gcide) | Insurancer \In*sur"an*cer\, n.
One who effects insurance; an insurer; an underwriter. [Obs.]
--Dryden.
[1913 Webster]
hose bold insurancers of deathless fame. --Blair.
[1913 Webster] |
Life insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster]Life \Life\ (l[imac]f), n.; pl. Lives (l[imac]vz). [AS.
l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p
life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body,
Sw. lif, Dan. liv, and E. live, v. [root]119. See Live, and
cf. Alive.]
1. The state of being which begins with generation, birth, or
germination, and ends with death; also, the time during
which this state continues; that state of an animal or
plant in which all or any of its organs are capable of
performing all or any of their functions; -- used of all
animal and vegetable organisms.
[1913 Webster]
2. Of human beings: The union of the soul and body; also, the
duration of their union; sometimes, the deathless quality
or existence of the soul; as, man is a creature having an
immortal life.
[1913 Webster]
She shows a body rather than a life. --Shak.
[1913 Webster]
3. (Philos.) The potential principle, or force, by which the
organs of animals and plants are started and continued in
the performance of their several and cooperative
functions; the vital force, whether regarded as physical
or spiritual.
[1913 Webster]
4. Figuratively: The potential or animating principle, also,
the period of duration, of anything that is conceived of
as resembling a natural organism in structure or
functions; as, the life of a state, a machine, or a book;
authority is the life of government.
[1913 Webster]
5. A certain way or manner of living with respect to
conditions, circumstances, character, conduct, occupation,
etc.; hence, human affairs; also, lives, considered
collectively, as a distinct class or type; as, low life; a
good or evil life; the life of Indians, or of miners.
[1913 Webster]
That which before us lies in daily life. --Milton.
[1913 Webster]
By experience of life abroad in the world. --Ascham.
[1913 Webster]
Lives of great men all remind us
We can make our lives sublime. --Longfellow.
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'T is from high life high characters are drawn.
--Pope
[1913 Webster]
6. Animation; spirit; vivacity; vigor; energy.
[1913 Webster]
No notion of life and fire in fancy and in words.
--Felton.
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That gives thy gestures grace and life.
--Wordsworth.
[1913 Webster]
7. That which imparts or excites spirit or vigor; that upon
which enjoyment or success depends; as, he was the life of
the company, or of the enterprise.
[1913 Webster]
8. The living or actual form, person, thing, or state; as, a
picture or a description from, the life.
[1913 Webster]
9. A person; a living being, usually a human being; as, many
lives were sacrificed.
[1913 Webster]
10. The system of animal nature; animals in general, or
considered collectively.
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Full nature swarms with life. --Thomson.
[1913 Webster]
11. An essential constituent of life, esp: the blood.
[1913 Webster]
The words that I speak unto you . . . they are
life. --John vi. 63.
[1913 Webster]
The warm life came issuing through the wound.
--Pope
[1913 Webster]
12. A history of the acts and events of a life; a biography;
as, Johnson wrote the life of Milton.
[1913 Webster]
13. Enjoyment in the right use of the powers; especially, a
spiritual existence; happiness in the favor of God;
heavenly felicity.
[1913 Webster]
14. Something dear to one as one's existence; a darling; --
used as a term of endearment.
[1913 Webster]
Note: Life forms the first part of many compounds, for the
most part of obvious meaning; as, life-giving,
life-sustaining, etc.
[1913 Webster]
Life annuity, an annuity payable during one's life.
Life arrow, Life rocket, Life shot, an arrow, rocket,
or shot, for carrying an attached line to a vessel in
distress in order to save life.
Life assurance. See Life insurance, below.
Life buoy. See Buoy.
Life car, a water-tight boat or box, traveling on a line
from a wrecked vessel to the shore. In it person are
hauled through the waves and surf.
Life drop, a drop of vital blood. --Byron.
Life estate (Law), an estate which is held during the term
of some certain person's life, but does not pass by
inheritance.
Life everlasting (Bot.), a plant with white or yellow
persistent scales about the heads of the flowers, as
Antennaria, and Gnaphalium; cudweed.
Life of an execution (Law), the period when an execution is
in force, or before it expires.
Life guard. (Mil.) See under Guard.
Life insurance, the act or system of insuring against
death; a contract by which the insurer undertakes, in
consideration of the payment of a premium (usually at
stated periods), to pay a stipulated sum in the event of
the death of the insured or of a third person in whose
life the insured has an interest.
Life interest, an estate or interest which lasts during
one's life, or the life of another person, but does not
pass by inheritance.
Life land (Law), land held by lease for the term of a life
or lives.
Life line.
(a) (Naut.) A line along any part of a vessel for the
security of sailors.
(b) A line attached to a life boat, or to any life saving
apparatus, to be grasped by a person in the water.
Life rate, rate of premium for insuring a life.
Life rent, the rent of a life estate; rent or property to
which one is entitled during one's life.
Life school, a school for artists in which they model,
paint, or draw from living models.
Lifetable, a table showing the probability of life at
different ages.
To lose one's life, to die.
To seek the life of, to seek to kill.
To the life, so as closely to resemble the living person or
the subject; as, the portrait was drawn to the life.
[1913 Webster] |
Marine insurance
(gcide) | Marine \Ma*rine"\, a. [L. marinus, fr. mare the sea: cf. F.
marin. See Mere a pool.]
1. Of or pertaining to the sea; having to do with the ocean,
or with navigation or naval affairs; nautical; as, marine
productions or bodies; marine shells; a marine engine.
[1913 Webster]
2. (Geol.) Formed by the action of the currents or waves of
the sea; as, marine deposits.
[1913 Webster]
Marine acid (Chem.), hydrochloric acid. [Obs.]
Marine barometer. See under Barometer.
Marine corps, a corps formed of the officers,
noncommissioned officers, privates, and musicants of
marines.
Marine engine (Mech.), a steam engine for propelling a
vessel.
Marine glue. See under Glue.
Marine insurance, insurance against the perils of the sea,
including also risks of fire, piracy, and barratry.
Marine interest, interest at any rate agreed on for money
lent upon respondentia and bottomry bonds.
Marine law. See under Law.
Marine league, three geographical miles.
Marine metal, an alloy of lead, antimony, and mercury, made
for sheathing ships. --Mc Elrath.
Marine soap, cocoanut oil soap; -- so called because, being
quite soluble in salt water, it is much used on shipboard.
Marine store, a store where old canvas, ropes, etc., are
bought and sold; a junk shop. [Eng.]
[1913 Webster] |
Mutual insurance
(gcide) | Mutual \Mu"tu*al\, a. [F. mutuel, L. mutuus, orig., exchanged,
borrowed, lent; akin to mutare to change. See Mutable.]
1. Reciprocally acting or related; reciprocally receiving and
giving; reciprocally given and received; reciprocal;
interchanged; as, a mutual love, advantage, assistance,
aversion, etc.
[1913 Webster]
Conspiracy and mutual promise. --Sir T. More.
[1913 Webster]
Happy in our mutual help,
And mutual love. --Milton.
[1913 Webster]
A certain shyness on such subjects, which was mutual
between the sisters. --G. Eliot.
[1913 Webster]
2. Possessed, experienced, or done by two or more persons or
things at the same time; common; joint; as, mutual
happiness; a mutual effort. --Burke.
[1913 Webster]
A vast accession of misery and woe from the mutual
weeping, and wailing, and gnashing of teeth.
--Bentley.
[1913 Webster]
Note: This use of mutual as synonymous with common is
inconsistent with the idea of interchange, or
reciprocal relation, which properly belongs to it; but
the word has been so used by many writers of high
authority. The present tendency is toward a careful
discrimination.
[1913 Webster]
Mutual, as Johnson will tell us, means something
reciprocal, a giving and taking. How could people
have mutual ancestors? --P. Harrison.
[1913 Webster]
Mutual insurance, agreement among a number of persons to
insure each other against loss, as by fire, death, or
accident.
Mutual insurance company, one which does a business of
insurance on the mutual principle, the policy holders
sharing losses and profits pro rata.
[1913 Webster]
Syn: Reciprocal; interchanged; common.
[1913 Webster] |
Mutual insurance company
(gcide) | Mutual \Mu"tu*al\, a. [F. mutuel, L. mutuus, orig., exchanged,
borrowed, lent; akin to mutare to change. See Mutable.]
1. Reciprocally acting or related; reciprocally receiving and
giving; reciprocally given and received; reciprocal;
interchanged; as, a mutual love, advantage, assistance,
aversion, etc.
[1913 Webster]
Conspiracy and mutual promise. --Sir T. More.
[1913 Webster]
Happy in our mutual help,
And mutual love. --Milton.
[1913 Webster]
A certain shyness on such subjects, which was mutual
between the sisters. --G. Eliot.
[1913 Webster]
2. Possessed, experienced, or done by two or more persons or
things at the same time; common; joint; as, mutual
happiness; a mutual effort. --Burke.
[1913 Webster]
A vast accession of misery and woe from the mutual
weeping, and wailing, and gnashing of teeth.
--Bentley.
[1913 Webster]
Note: This use of mutual as synonymous with common is
inconsistent with the idea of interchange, or
reciprocal relation, which properly belongs to it; but
the word has been so used by many writers of high
authority. The present tendency is toward a careful
discrimination.
[1913 Webster]
Mutual, as Johnson will tell us, means something
reciprocal, a giving and taking. How could people
have mutual ancestors? --P. Harrison.
[1913 Webster]
Mutual insurance, agreement among a number of persons to
insure each other against loss, as by fire, death, or
accident.
Mutual insurance company, one which does a business of
insurance on the mutual principle, the policy holders
sharing losses and profits pro rata.
[1913 Webster]
Syn: Reciprocal; interchanged; common.
[1913 Webster] |
Reinsurance
(gcide) | Reinsurance \Re`in*sur"ance\ (-sh?r"ans), n.
1. Insurance a second time or again; renewed insurance.
[1913 Webster]
2. A contract by which an insurer is insured wholly or in
part against the risk he has incurred in insuring somebody
else. See Reassurance.
[1913 Webster] |
reinsurance fund
(gcide) | Reserve \Re*serve"\, n. [F. r['e]serve.]
1. The act of reserving, or keeping back; reservation.
[1913 Webster]
However any one may concur in the general scheme, it
is still with certain reserves and deviations.
--Addison.
[1913 Webster]
2. That which is reserved, or kept back, as for future use.
[1913 Webster]
The virgins, besides the oil in their lamps, carried
likewise a reserve in some other vessel for a
continual supply. --Tillotson.
[1913 Webster]
3. That which is excepted; exception.
[1913 Webster]
Each has some darling lust, which pleads for a
reserve. --Rogers.
[1913 Webster]
4. Restraint of freedom in words or actions; backwardness;
caution in personal behavior.
[1913 Webster]
My soul, surprised, and from her sex disjoined,
Left all reserve, and all the sex, behind. --Prior.
[1913 Webster]
The clergyman's shy and sensitive reserve had balked
this scheme. --Hawthorne.
[1913 Webster]
5. A tract of land reserved, or set apart, for a particular
purpose; as, the Connecticut Reserve in Ohio, originally
set apart for the school fund of Connecticut; the Clergy
Reserves in Canada, for the support of the clergy.
[1913 Webster]
6. (Mil.)
(a) A body of troops in the rear of an army drawn up for
battle, reserved to support the other lines as
occasion may require; a force or body of troops kept
for an exigency.
(b) troops trained but released from active service,
retained as a formal part of the military force, and
liable to be recalled to active service in cases of
national need (see Army organization, above).
[1913 Webster +PJC]
7. (Banking) Funds kept on hand to meet liabilities.
[1913 Webster]
8. (Finance)
(a) That part of the assets of a bank or other financial
institution specially kept in cash in a more or less
liquid form as a reasonable provision for meeting all
demands which may be made upon it; specif.:
(b) (Banking) Usually, the uninvested cash kept on hand
for this purpose, called the real reserve. In Great
Britain the ultimate real reserve is the gold kept on
hand in the Bank of England, largely represented by
the notes in hand in its own banking department; and
any balance which a bank has with the Bank of England
is a part of its reserve. In the United States the
reserve of a national bank consists of the amount of
lawful money it holds on hand against deposits, which
is required by law (in 1913) to be not less than 15
per cent (--U. S. Rev. Stat. secs. 5191, 5192), three
fifths of which the banks not in a reserve city (which
see) may keep deposited as balances in national banks
that are in reserve cities (--U. S. Rev. Stat. sec.
5192).
(c) (Life Insurance) The amount of funds or assets
necessary for a company to have at any given time to
enable it, with interest and premiums paid as they
shall accure, to meet all claims on the insurance then
in force as they would mature according to the
particular mortality table accepted. The reserve is
always reckoned as a liability, and is calculated on
net premiums. It is theoretically the difference
between the present value of the total insurance and
the present value of the future premiums on the
insurance. The reserve, being an amount for which
another company could, theoretically, afford to take
over the insurance, is sometimes called the
reinsurance fund or the
self-insurance fund. For the first year upon any policy the
net premium is called the
initial reserve, and the balance left at the end of the
year including interest is the
terminal reserve. For subsequent years the initial reserve
is the net premium, if any, plus the terminal reserve of
the previous year. The portion of the reserve to be
absorbed from the initial reserve in any year in payment
of losses is sometimes called the
insurance reserve, and the terminal reserve is then called
the
investment reserve.
[Webster 1913 Suppl.]
9. In exhibitions, a distinction which indicates that the
recipient will get a prize if another should be
disqualified.
[Webster 1913 Suppl.]
10. (Calico Printing) A resist.
[Webster 1913 Suppl.]
11. A preparation used on an object being electroplated to
fix the limits of the deposit.
[Webster 1913 Suppl.] |
self-insurance fund
(gcide) | Reserve \Re*serve"\, n. [F. r['e]serve.]
1. The act of reserving, or keeping back; reservation.
[1913 Webster]
However any one may concur in the general scheme, it
is still with certain reserves and deviations.
--Addison.
[1913 Webster]
2. That which is reserved, or kept back, as for future use.
[1913 Webster]
The virgins, besides the oil in their lamps, carried
likewise a reserve in some other vessel for a
continual supply. --Tillotson.
[1913 Webster]
3. That which is excepted; exception.
[1913 Webster]
Each has some darling lust, which pleads for a
reserve. --Rogers.
[1913 Webster]
4. Restraint of freedom in words or actions; backwardness;
caution in personal behavior.
[1913 Webster]
My soul, surprised, and from her sex disjoined,
Left all reserve, and all the sex, behind. --Prior.
[1913 Webster]
The clergyman's shy and sensitive reserve had balked
this scheme. --Hawthorne.
[1913 Webster]
5. A tract of land reserved, or set apart, for a particular
purpose; as, the Connecticut Reserve in Ohio, originally
set apart for the school fund of Connecticut; the Clergy
Reserves in Canada, for the support of the clergy.
[1913 Webster]
6. (Mil.)
(a) A body of troops in the rear of an army drawn up for
battle, reserved to support the other lines as
occasion may require; a force or body of troops kept
for an exigency.
(b) troops trained but released from active service,
retained as a formal part of the military force, and
liable to be recalled to active service in cases of
national need (see Army organization, above).
[1913 Webster +PJC]
7. (Banking) Funds kept on hand to meet liabilities.
[1913 Webster]
8. (Finance)
(a) That part of the assets of a bank or other financial
institution specially kept in cash in a more or less
liquid form as a reasonable provision for meeting all
demands which may be made upon it; specif.:
(b) (Banking) Usually, the uninvested cash kept on hand
for this purpose, called the real reserve. In Great
Britain the ultimate real reserve is the gold kept on
hand in the Bank of England, largely represented by
the notes in hand in its own banking department; and
any balance which a bank has with the Bank of England
is a part of its reserve. In the United States the
reserve of a national bank consists of the amount of
lawful money it holds on hand against deposits, which
is required by law (in 1913) to be not less than 15
per cent (--U. S. Rev. Stat. secs. 5191, 5192), three
fifths of which the banks not in a reserve city (which
see) may keep deposited as balances in national banks
that are in reserve cities (--U. S. Rev. Stat. sec.
5192).
(c) (Life Insurance) The amount of funds or assets
necessary for a company to have at any given time to
enable it, with interest and premiums paid as they
shall accure, to meet all claims on the insurance then
in force as they would mature according to the
particular mortality table accepted. The reserve is
always reckoned as a liability, and is calculated on
net premiums. It is theoretically the difference
between the present value of the total insurance and
the present value of the future premiums on the
insurance. The reserve, being an amount for which
another company could, theoretically, afford to take
over the insurance, is sometimes called the
reinsurance fund or the
self-insurance fund. For the first year upon any policy the
net premium is called the
initial reserve, and the balance left at the end of the
year including interest is the
terminal reserve. For subsequent years the initial reserve
is the net premium, if any, plus the terminal reserve of
the previous year. The portion of the reserve to be
absorbed from the initial reserve in any year in payment
of losses is sometimes called the
insurance reserve, and the terminal reserve is then called
the
investment reserve.
[Webster 1913 Suppl.]
9. In exhibitions, a distinction which indicates that the
recipient will get a prize if another should be
disqualified.
[Webster 1913 Suppl.]
10. (Calico Printing) A resist.
[Webster 1913 Suppl.]
11. A preparation used on an object being electroplated to
fix the limits of the deposit.
[Webster 1913 Suppl.] |
Term insurance
(gcide) | Term insurance \Term insurance\
Insurance for a specified term providing for no payment to
the insured except upon losses during the term, and becoming
void upon its expiration.
[Webster 1913 Suppl.] |
Tontine insurance
(gcide) | Tontine insurance \Ton*tine" in*su"rance\ (Life Insurance)
Insurance in which the benefits of the insurance are
distributed upon the tontine principle. Under the old, or
full tontine, plan, all benefits were forfeited on lapsed
policies, on the policies of those who died within the
tontine period only the face of the policy was paid
without any share of the surplus, and the survivor at the
end of the tontine period received the entire surplus.
This plan of tontine insurance has been replaced in the
United States by the
semitontine plan, in which the surplus is divided among the
holders of policies in force at the termination of the
tontine period, but the reverse for the paid-up value is
paid on lapsed policies, and on the policies of those that
have died the face is paid. Other modified forms are
called free tontine, deferred dividend, etc.,
according to the nature of the tontine arrangement.
[Webster 1913 Suppl.] |
Underground insurance
(gcide) | Underground insurance \Un"der*ground` in*sur"ance\
Wildcat insurance.
[Webster 1913 Suppl.] |
whole life insurance
(gcide) | Insurance \In*sur"ance\, n. [From Insure.]
[1913 Webster]
1. 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.
[1913 Webster]
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
[1913 Webster]
2. The premium paid for insuring property or life.
[1913 Webster]
3. The sum for which life or property is insured.
[1913 Webster]
4. A guaranty, security, or pledge; assurance. [Obs.]
[1913 Webster]
The most acceptable insurance of the divine
protection. --Mickle.
[1913 Webster]
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
injury.
[PJC]
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
[1913 Webster] |
automobile insurance
(wn) | automobile insurance
n 1: insurance against loss due to theft or traffic accidents
[syn: automobile insurance, car insurance] |
|