different between banking vs insurance

English

Noun

banking (countable and uncountable, plural bankings)

1. The business of managing a bank.
2. The occupation of managing or working in a bank.
3. (aviation) A horizontal turn.
4. A mechanical component to prevent vibration in a timepiece, etc.
   • 1825, Royal Society of Arts (Great Britain), Transactions of the Society Instituted at London for the Encouragement of Arts, Manufactures, and Commerce

     The balances of all moveable time-keepers, the chronometer excepted, are prevented from vibrating beyond the proper arc by what is called bankings. The inferior escapements are very easily banked; a pin fixed in the balance, coming in contact with one or two studs, is sufficient for that purpose. […]

5. (rail transport) The practice of assisting a train up a steep incline (called a bank) with another locomotive at the rear.

Synonyms

• bankerage (obsolete)

Derived terms

• banking house
• e-banking
• phone banking
• time banking

Translations

Verb

banking

1. present participle of bank

English

Alternative forms

• insuraunce (obsolete)

Etymology

From the older form ensurance, see also assurance.

Pronunciation

• (General American) IPA^(key): /?n.????.?ns/, /?n.???.?ns/
• (Received Pronunciation) IPA^(key): /?n.????.??ns/, /?n.????.??ns/
• (Southern American English) IPA^(key): /??n.???ns/
• Hyphenation: in?sur?ance

Noun

insurance (usually uncountable, plural insurances)

1. A means of indemnity against a future occurrence of an uncertain event.

   The car was totalled, but fortunately I had insurance.

2. The business of providing insurance.

   After five years in banking, I switched to insurance.

3. (figuratively) Any attempt to forestall an unfavorable event.

   The sky was clear, but I took my umbrella for insurance.

4. (blackjack) A bet made after the deal, which pays off if the dealer has blackjack.

   I only take insurance if the count is right.

5. (countable) An insurance policy

Derived terms

Translations

See also

• actuary
• annuity
• broker
• float
• underwriter
• workers’ compensation

Anagrams

• nuisancer, uncarines