A system of protection against loss under which a party agrees to pay a certain sum (premiums) for a guarantee that they will be compensated under certain conditions for loss or damage.


Related Terms

INFINITE-CAPACITY LOADING

The deliberate overloading of a robotic work center with excessive force or weight in order to determine the overload protection necessary to maintain proper load conditions.

INDUSTRIAL SECURITY

The portion of internal security which refers to the protection of industrial installations, resources, utilities, materials, and classified information essential to protection from loss or damage.

HABITAT SANCTUARY

A marine sanctuary established for the preservation, protection and management of essential or specialized habitats representative of important marine systems.

PILING

A support, protection for wharves, piers etc.

ARTIFICIAL HARBOR

A harbor where the desired protection from wind and sea is obtained from breakwaters, moles, jetties, or other man-made works.

P&I

Protection and indemnity insurance.

WEATHER_DECK

Uppermost continuous deck and having no overhead protection having watertight openings

CEILING

A covering usually of wood, placed over the tank top for its protection

FLOATING BREAKWATER

A moored assembly of floating objects used for protection of vessels riding at anchor

OPEN ROADSTEAD

A roadstead with relatively little protection from the sea.

Related questions

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