A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
An obligation or duty upon an individual to incur the losses of another.
The right of an injured party to shift the loss onto the party responsible for the loss.
Security from damage, loss, or penalty.
Repayment; compensation for loss or injury.
An insurance policy
The business of providing insurance.
A means of indemnity against a future occurrence of an uncertain event.
The car was totalled, but fortunately I had insurance.
Any attempt to forestall an unfavorable event.
A bet made after the deal, which pays off if the dealer has blackjack.