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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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downshift
Sports; Bicycle & electric bicycle
to shift to a lower gear, i.e. a larger cog or smaller chainring.
Porcelain Enamel
Kitchen & dining; Cooking tools
A glassy material which bonds to metal at a very high temperature producing a glossy coating.
speculation
Financial services; General Finance
Purchasing risky investments that present the possibility of large profits, but also pose a higher-than-average possibility of loss. A profitable strategy over the long term if ...
drafting
Sports; Bicycle & electric bicycle
riding closely behind another rider to take advantage of the windbreak (slipstream) and use about 20 percent less energy. Also called sitting in or wheelsucking.
belt conveyor
Energy; Coal
A mechanical device on which a looped belt carries materials through or out of the mine.
