Definition

Protected by an insurance policy against financial loss from specified risks. To be insured means you've paid a company to promise they'll cover your catastrophes—whether it's your house burning down, your car becoming an accordion, or your lawyer making a terrible joke.

Example Usage

The homeowner was fully insured against flood damage, which fortunately covered the basement disaster.

Source: Merriam-Webster via Free Dictionary API

Related Terms

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futures

Financial contracts obligating parties to buy or sell assets at predetermined future dates and prices, essentially allowing traders to bet on tomorrow's commodity prices today. These derivatives let farmers hedge against price drops and speculators gamble on market movements without ever touching an actual bushel of wheat. The futures market adds liquidity and price discovery to markets while giving financial news anchors something to dramatically discuss at market close.

💰 Finance / Accounting
Intermediate

buyout

When one party acquires a controlling stake in a company by purchasing enough shares to tell everyone else to pack their desk plants. It's the corporate equivalent of buying out your roommate's lease, except with more lawyers, bigger numbers, and significantly less drama about who gets the couch. Can be friendly (management buyout) or hostile (surprise, you work for someone else now).

💰 Finance / Accounting
Advanced

receivership

The financial equivalent of calling in a responsible adult when you've made a complete mess of things—a court-appointed receiver takes control of a failing company to salvage whatever value remains for creditors. It's bankruptcy's slightly less dramatic cousin, where someone competent temporarily runs your business while you watch from the sidelines. Usually signals that things have gone very, very wrong.

💰 Finance / Accounting
Advanced

Quantitative Easing

When the central bank prints money and buys stuff to stimulate the economy, which is basically a cheat code that would get you banned if the economy were a video game. It sounds sophisticated, but it's the monetary equivalent of fixing a leaky boat by adding more water.

💰 Finance / Accounting
Intermediate

recourse debt

A loan where the lender can come after your other assets if the collateral isn't enough to cover the debt—the financial equivalent of co-signing for your irresponsible cousin. Sleep tight!

💰 Finance / Accounting
Beginner

invoice

A formal piece of paper (or PDF) politely demanding money for goods or services already delivered, with the implicit threat of awkward follow-up emails. It's the business world's IOU in reverse, complete with line items, payment terms that nobody reads, and a due date that's more of a suggestion. The document that turns friendly business relationships into passive-aggressive email chains.

💰 Finance / Accounting

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