Insurance Vocabulary

noun A state or act of discontinuing or stopping something

• The discontinuance of the project was due to budget constraints.
• They decided to stop the project because they ran out of money.
• They pulled the plug on the project because they couldn't afford it anymore.
• The discontinuance of the project was like hitting a brick wall.

verb to come to an end; to cease to be valid, as a contract or license

• The contract will expire at the end of this month.
• Don't forget that your driver's license will expire soon.
• My gym membership is about to expire, so I need to renew it.
• His patience seemed to expire after waiting for hours.

noun the value of something as it is stated or appears, without considering any other factors

adjective referring to the stated or apparent value of something

• It is important to consider the face value of the data before drawing any conclusions.
• Don't just take things at face value, there might be more to it than meets the eye.
• You can't judge a book by its cover, always look beyond face value.
• Her smile may seem genuine at face value, but there could be hidden emotions underneath.

verb to sink below the surface of water or another liquid

adverb in a submerged position or condition

preposition to be classified or categorized as

• The company may go under if they do not secure additional funding.
• I heard that the restaurant might go under because of the lack of customers.
• If we don't get more sales, our business could totally go under.
• I feel like I'm starting to go under with all the stress from work.

noun a state of poor physical or mental health; sickness or disease

adjective describing the poor physical or mental health of a person

• Ill-health can have a significant impact on one's quality of life.
• Dealing with ill-health can be really tough.
• I hate feeling under the weather, it's the worst.
• Ill-health is like a dark cloud hanging over everything.

verb to become subject to (something unwelcome or unpleasant) as a result of one's own behavior or actions

• Failure to comply with the company's expense policy may incur penalties.
• If you don't follow the rules, you might incur some extra charges.
• If you keep spending like that, you're gonna incur some serious fees.
• His reckless behavior will eventually incur consequences he can't escape from.

noun a noun referring to the act of indemnifying or the state of being indemnified, which means to secure against legal liability or loss

• The contract includes a clause for indemnification in case of any legal claims.
• Make sure you read the fine print for any indemnification details before signing the agreement.
• I've got your back, consider it an indemnification against any trouble.
• Her kindness served as an indemnification for the harshness of the world.

noun the state of being responsible for something, especially by law

adjective pertaining to legal responsibility or obligation

• The company must disclose all potential liability in its financial statements.
• If you break that vase, you'll be liable for it.
• Don't be a liability at the party and drink responsibly.
• His lack of punctuality is a liability in this fast-paced industry.

noun the point at which something begins or is created

• The origination of the company can be traced back to the early 1900s.
• I'm not sure about the origination of this tradition, but it's been around for a long time.
• I heard a crazy story about the origination of that meme, but who knows if it's true.
• The origination of his success can be attributed to his hard work and dedication.

noun a person or entity to whom money is paid

• The payee must endorse the check before depositing it into their bank account.
• Make sure the payee signs the check before cashing it.
• Tell the payee to put their John Hancock on the check before spending the money.
• The payee of kindness is always rewarded in the end.

noun serious and immediate danger

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The ship was in grave peril as it sailed through the stormy seas.
• We're in serious peril if we don't finish this project on time.
• Dude, we're in deep peril if we get caught skipping class again.
• His reckless behavior put his reputation in peril.

adjective not anticipated or expected

• The project faced delays due to unforeseen circumstances.
• I had to cancel my plans because of an unforeseen issue.
• The party got ruined by some unforeseen drama.
• Life is full of unforeseen twists and turns.

noun a specific organization or entity

• The Federal Deposit Insurance Corporation is an independent agency that provides deposit insurance to depositors in US banks.
• You don't have to worry about losing your money in the bank because of the Federal Deposit Insurance Corporation.
• The FDIC has got your back when it comes to keeping your money safe in the bank.
• The Federal Deposit Insurance Corporation acts as a financial safety net for depositors in case of bank failures.

noun a person who abates or reduces something

verb to reduce or lessen in amount, degree, or intensity

• The new regulations aim to abater the negative impact of industrial pollution.
• I heard they're trying to abater the noise coming from the construction site.
• Let's abater the drama and just focus on finding a solution.
• She tried to abater her fears by taking deep breaths and focusing on positive thoughts.

noun a word that refers to a person, place, thing, event, substance, or quality

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• The act of indemnity was passed by the government to protect certain individuals from legal consequences.
• The government passed some kind of act of indemnity to keep certain people out of trouble.
• They pulled some shady moves but got away with it thanks to the act of indemnity.
• Her apology was like an act of indemnity, absolving her of any guilt in the situation.