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self-insurance

 
 

insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy

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... is a Kind of: self-insurance
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is a kind of:

  • insurance, coverage — 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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Definition. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more

 

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