English Dictionary |
SELF-INSURANCE
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Dictionary entry overview: What does self-insurance mean?
• SELF-INSURANCE (noun)
The noun SELF-INSURANCE has 1 sense:
1. insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
Familiarity information: SELF-INSURANCE used as a noun is very rare.
Dictionary entry details
Sense 1
Meaning:
Insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("self-insurance" is a kind of...):
insurance (promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company)
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