Insurance Definition

What Is Insurance?

Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

How Insurance Works

There is a multitude of different types of insurance policies available, and virtually any individual or business can find an insurance company willing to insure them—for a price. The most common types of personal insurance policies are auto, health, homeowners, and life. Most individuals in the United States have at least one of these types of insurance, and car insurance is required by law.

Key Takeaways

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How to Choose the Right Word

The words “personal” and “personnel” are related in meaning, but they’re not identical. They also belong to different word classes and they’re pronounced differently. The adjective “personal(with the stress on the first syllable) means private or individual. The noun “personnel” (stress on the last syllable) refers to the people employed by an organization, business, or service. Both words derive from the Latin word personalis, meaning of or related to a person.

How to Use “Personal”

The word “personal” is an adjective that has two different meanings: It may be used to describe a person’s unique preferences or qualities, as in “My ‘personal’ favorite musician is Bruce Springsteen” or “My ‘personal’ ability to play baseball is not very impressive.” It may also be used to refer to private experiences or items, as in “The police even went through his ‘personal’ correspondence” or “You have no business tampering with my

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Finance Definition

What Is Finance?

Finance is a term for matters regarding the management, creation, and study of money and investments. Finance can be broadly divided into three categories, public finance, corporate finance, and personal finance. There are many other specific categories, such as behavioral finance, which seeks to identify the cognitive (e.g., emotional, social, and psychological) reasons behind financial decisions.

The Basics of Finance

Finance, as a distinct branch of theory and practice from economics, arose in the 1940s and 1950s with the works of Markowitz, Tobin, Sharpe, Treynor, Black, and Scholes, to name just a few. Of course, topics of finance—such as money, banking, lending, and investing—had been around since the dawn of human history in some form or another.

Today, “finance” is typically broken down into three broad categories: Public finance includes tax systems, government expenditures, budget procedures, stabilization policy and instruments, debt issues, and other government concerns. Corporate

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Yahoo Finance – Stock Market Live, Quotes, Business & Finance News

Business

Bloomberg

(Bloomberg) — Drug and vaccine makers working on Covid-19 medicines rallied after President Donald Trump hinted at a “big surprise” coming soon, while day traders continued to favor a handful of smaller developers.Vaxart Inc., which also said it made a deal to scale up production of its experimental vaccine, was among the standouts, gaining as much as 57% on Thursday. Lesser-known drug developers working on medicines for Covid-19, like microcap NanoViricides Inc., jumped as much as 25%, while CytoDyn Inc. surged 33%.Sorrento Therapeutics Inc. climbed 30% before paring its gain. The stock shot up and appeared on investor radars in May after the chief executive and founder touted early data on Fox News.Some Wall Street analysts have suggested that Trump may try to push through a vaccine before the November election to score a win in the eyes of voters, spurring concerns about safety and effectiveness. With a

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PERSONAL BANKING | PNC

PNC, PNC HomeHQ, PNC Home Insight, and Home Insight are registered service marks of The PNC Financial Services Group, Inc. (“PNC”). PNC has pending patent applications directed at various features and functions of Home Insight Planner and Home Insight Tracker. All loans are provided by PNC Bank, National Association, a subsidiary of PNC, and are subject to credit approval and property appraisal.

The material presented herein is of a general nature and does not constitute the provision by PNC of investment, legal, tax, or accounting advice to any person, or a recommendation to buy or sell any security or adopt any investment strategy. Opinions expressed herein are subject to change without notice. The information was obtained from sources deemed reliable. Such information is not guaranteed as to its accuracy.

The PNC Financial Services Group, Inc. (“PNC”) uses the marketing names PNC Wealth Management® and Hawthorn, PNC Family Wealth®

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Insurance – Wikipedia

Equitable transfer of the risk of a loss, from one entity to another in exchange for payment

An advertising poster for a Dutch insurance company from c. 1900–1918 depicts an armoured knight.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually

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definition of personal by The Free Dictionary

Providence compelled all these men, striving to attain personal aims, to further the accomplishment of a stupendous result no one of them at all expected- neither Napoleon, nor Alexander, nor still less any of those who did the actual fighting.
I am telling the history of very simple people, who had never had any illuminating doubts as to personal integrity and honor.
The separate incidents that compose the narrative are, to a very great extent, authentic, occurring, many of them, either under her own observation, or that of her personal friends.
On the other hand, both political science and common sense teach us that in matters of state, and especially in the matter of war, private citizens must forego their personal individual
“He is nothing to me otherwise; I would not cry him up on any personal ground–I would keep clear of that.”
in the Phaedrus, Phaedo, Republic; to which
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personal – AOL Video Search Results

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Money – Wikipedia

Object or record accepted as payment

A sample picture of a fictional ATM card. The largest part of the world’s money exists only as accounting numbers which are transferred between financial computers. Various plastic cards and other devices give individual consumers the power to electronically transfer such money to and from their bank accounts, without the use of currency.
In a 1786 James Gillray caricature, the plentiful money bags handed to King George III are contrasted with the beggar whose legs and arms were amputated, in the left corner

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context.[1][2][3] The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.

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money – AOL Video Search Results

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