INSURANCE n.
ng, 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…
PROVISO n.
which a condition is introduced, usually beginning with the word provided; a conditional stipulation that affects an agreement, contract, law, grant, or the like; as, the contract was impaired by its proviso. He doth deny his prisoners, But with proviso and exception. Shak.
SALARY n.
The recompense or consideration paid, or stipulated to be paid, to a person at regular intervals for services; fixed wages, as by the year, quarter, or month; stipend; hire. This is hire and salary, not revenge. Shak.