DEPENDENT a.
perform anything, without the will, power, or aid of something else; not self-sustaining; contingent or conditioned; subordinate; -- often with on or upon; as, dependent on God; dependent upon friends. England, long dependent and degraded, was again a power of the first rank. Macaulay. Dependent covenant or contract (L…
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…
SPECULATE v.
To purchase with the expectation of a contingent advance in value, and a consequent sale at a profit; -- often, in a somewhat depreciative sense, of unsound or hazardous transactions; as, to speculate in coffee, in sugar, or in bank stock.