Insurance - In•sur•ance
Pronunciation: in-'shur-&n(t)s also 'in-"
Function: noun
1 a : the business of insuring persons or property b : coverage by contract
whereby one party undertakes to indemnify or guarantee another against loss by a
specified contingency or peril c : the sum for which something is insured
2 : a means of guaranteeing protection or safety <the contract is your insurance
against price changes>
Liability - li•a•bil•i•ty javascript:popWin('/cgi-bin/audio.pl?liabil01.wav=liability')
Pronunciation: "lI-&-'bi-l&-tE
Function: noun
Inflected Form(s): plural -ties
1 a : the quality or state of being liable b : PROBABILITY
2 : something for which one is liable; especially : pecuniary obligation : DEBT
-- usually used in plural
Reimbursment - re•im•burse javascript:popWin('/cgi-bin/audio.pl?reimbu01.wav=reimburse')
Pronunciation: "rE-&m-'b&rs
Function: transitive verb
Inflected Form(s): -bursed; -burs•ing
1 : to pay back to someone : REPAY <reimburse travel expenses>
2 : to make restoration or payment of an equivalent to <reimburse him for his
traveling expenses
Coverage - cov•er•age javascript:popWin('/cgi-bin/audio.pl?covera01.wav=coverage')
Pronunciation: 'k&v-rij, 'k&-v&-
Function: noun
1 : something that covers : as a : inclusion within the scope of an insurance
policy or protective plan : INSURANCE b : the amount available to meet
liabilities c : inclusion within the scope of discussion or reporting <the news
coverage of the trial>
2 : the total group covered : SCOPE: as a : all the risks covered by the terms
of an insurance contract b : the number or percentage of persons reached by a
communications medium
Policy - policy
Function: noun
Inflected Form(s): plural -cies
a writing whereby a contract of insurance is made