reinsurance
noun
re·in·sur·ance
ˌrē-ən-ˈshu̇r-ən(t)s
ˌrē-ən-ˈshər-,
also (ˌ)rē-ˈin-ˌshu̇r-,
(ˌ)rē-ˈin-ˌshə̇r-
: insurance by another insurer of all or a part of a risk previously assumed by an insurance company
Love words? Need even more definitions?
Merriam-Webster unabridged
Share