self-insurance

self-insurance
/self ɪn'ʃυərəns/ noun
insuring against a probable future loss by putting money aside regularly, rather than by taking out an insurance policy

Dictionary of banking and finance. 2015.

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  • Self insurance — is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. More colloquially, the term self insured is used as a euphemism for uninsured. [http://www.slate.com/id/2075714/] If self… …   Wikipedia

  • self-insurance — self insure ˌself inˈsure verb [intransitive, transitive] INSURANCE in the US and some other countries, if a company self insures, it keeps money specially to pay for any accidents to employees, harm caused to others etc, instead of buying… …   Financial and business terms

  • self-insurance — [self′in shoor′əns] n. insurance of oneself or one s property by setting apart one s own funds rather than by paying for an insurance policy …   English World dictionary

  • self–insurance — self–in·sur·ance /ˌself in shu̇r əns, in ˌshu̇r / n: insurance of oneself, one s interests, or one s components (as of a governmental unit) through the use of a fund that one maintains to cover losses Merriam Webster’s Dictionary of Law. Merriam… …   Law dictionary

  • self-insurance — /self in shoor euhns, self /, n. insurance of one s property or interests against possible loss by the establishing of a special fund for the purpose instead of seeking coverage with an underwriter. [1895 1900] * * * …   Universalium

  • self-insurance — self′ insur′ance n. bus insurance of one s property or interests by setting aside funds to cover possible loss • Etymology: 1895–1900 …   From formal English to slang

  • self-insurance — self confidence, self assurance …   English contemporary dictionary

  • self-insurance fund — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …   The Collaborative International Dictionary of English

  • self-insurance — The practice of setting aside a fund to meet losses instead of insuring against such through insurance. A common practice of business is to self insure up to a certain amount, and then to cover any excess with insurance. Workers compensation… …   Black's law dictionary

  • self-insurance — /sɛlf ɪnˈʃɔrəns/ (say self in shawruhns) noun 1. the insuring of one s property, etc., through oneself, as by setting aside a fund for the purpose. 2. the amount by which the actual value of one s property exceeds the cover provided by an… …  

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