| 单词 | self insurance |
| 释义 | self insuranceDefinition Risk management approach in which an entity sets aside a sum as a protection against a probable loss, instead of transferring the risk by purchasing an insurance policy. This term is a misnomer because no insurance is involved. Properly called risk retention. Use 'self insurance' in a SentenceYou may want to have some self insurance in case things go wrong so that you are always protected by it. He had a lot of self insurance, so we knew he would be okay if something were to happen to him. His stress was reduced enormously when he realized he'd reached his self insurance goals and would be covered in an emergency. |
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