INSURABLE INTEREST

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("insurable interest" is a kind of...):

interest; stake ((law) a right or legal share of something; a financial involvement with something)

Credits