Definitions
1.nounSecurity from damage, loss, or penalty.
2.nounAn obligation or duty upon an individual to incur the losses of another.
3.nounRepayment; compensation for loss or injury.
4.nounThe right of an injured party to shift the loss onto the party responsible for the loss.
5.nounA principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.