What type of word is insurance? (2024)

What type of word is insurance?

insurance. / (ɪnˈʃʊərəns, -ˈʃɔː-) / noun. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection.

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Is insurance a noun or adjective?

noun. noun. /ɪnˈʃʊrəns/ 1[uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die or are sick, or if you lose or damage something health/life/car/travel, etc.

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What type of word is insure?

verb (used with object),in·sured, in·sur·ing. to guarantee against loss or harm.

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What is the base word of insurance?

The word 'insurance' is derived from the French word. 'ensurer' which initially means an 'engagement to. marry'. With time the word evolved to become. 'assurance' and afterward 'insurance' with its recent.

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What word is insurance derived from?

insurance is a variant or alteration of another lexical item. Etymons: ensurance n.

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Is insurance an abstract noun?

Therefore, insurance is an abstract noun.

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Is life insurance a noun or adjective?

life insurance (noun)

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What is the verb for insurance?

verb. in·sure in-ˈshu̇(ə)r. insured; insuring. 1. : to give or get insurance on or for.

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What is the term for insurance?

Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. There are many types of insurance policies. Life, health, homeowners, and auto are among the most common forms of insurance.

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What is the noun form of insure?

Form a noun by modifying the verb: insure. insurence. insurance.

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What is insurance and terminology used in insurance?

The policyholder is the one who buys the insurance and pays regular premiums. 2. Life Assured: This refers to the person for whom the insurance is bought. This may or may not be the same as the policyholder. For example, if you buy insurance for yourself, you will be the policyholder and the life assured.

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Why is it called term insurance?

Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified “term” of years. If the insured dies during the time period specified and the policy is active, or “in force,” then a death benefit will be paid.

Is health insurance a noun?

Where does the noun health insurance come from? The earliest known use of the noun health insurance is in the 1900s. OED's earliest evidence for health insurance is from 1901, in Index-Catal.

What are 4 abstract nouns?

Love, fear, anger, joy, excitement, and other emotions are abstract nouns. Courage, bravery, cowardice, and other such states are abstract nouns. Desire, creativity, uncertainty, and other innate feelings are abstract nouns. These are just a few examples of non-concrete words that are sensed.

What are 5 abstract nouns?

Examples of Abstract Nouns

Glory.
Honour.
Courage.
Love.
Truth.
Honesty.
Symbolism.
Puritanism.

More items...

Is insurance an asset or not?

Insurance, on the whole, is attached to fixed assets and becomes a part of fixed assets, hence it is considered a fixed asset. Also see: Difference Between Assets and Liabilities.

Is insured an adjective?

The earliest known use of the adjective insured is in the late 1600s. OED's earliest evidence for insured is from 1681, in London Gazette. insured is formed within English, by derivation.

Is an insurance an asset?

All insurance policies become an asset once the plan matures — that is, you have paid for it and are credited with a lump sum.

What is the abstract noun verb insure?

Answer. Insurance is the abstract noun.

What is the term insurance in one sentence?

Policy Term: Term insurance provides coverage for a specified number of years, known as the policy term. In case of an unfortunate event during this period, your nominee will receive the sum assured in your policy.

What is insurance domain?

It is a way of reducing potential financial losses that arise out of unexpected events such as loss of life, or car accidents. Damage to houses and property, to name a few.

What is the preposition of insure?

The word 'Insure' is followed by the preposition 'against'. The phrase 'Insure against' means 'to make (something bad) less likely to happen usually by planning and preparing'. Example: Doctors recommend exercising to insure against health problems.

What is an example of insure?

We insured our house against fire and flood damage. They take great care to insure the safety and security of their home. This policy will insure your car against theft. We hope that careful planning will insure success.

What type of verb is ensure?

verb (used with object),en·sured, en·sur·ing. to secure or guarantee: This letter will ensure you a hearing. to make sure or certain: measures to ensure the success of an undertaking.

Why is insurance so high in America?

The big insurance companies have been relatively quiet about what's driving rates up. Inflation is definitely a big part of the equation. Everything now costs more, including cars and car repairs, and insurance companies are passing those costs on to consumers.

What type of word is insurance? (2024)