INSURANCE n.
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.
INSURE v.
Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons…
INTERVENE v.
To occur, fall, or come between, points of time, or events; as, an instant intervened between the flash and the report; nothing intervened ( i. e., between the intention and the execution) to prevent the undertaking.
JOINT a.
esolved, by the House of Representatives (the Senate concurring), that the sixteenth and seventeenth joint rules be suspended for the remainder of the session." Journal H. of R., U. S. -- Joint and several (Law), a phrase signifying that the debt, credit, obligation, etc., to which it is applied is held in such a way…