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entity go
that which is perceived or known or inferred to have its own distinct existence (living or nonliving)

abstraction, abstract entity go
a general concept formed by extracting common features from specific examples

relation go
an abstraction belonging to or characteristic of two entities or parts together

possession go
anything owned or possessed

assets go
anything of material value or usefulness that is owned by a person or company

protection, security go
defense against financial failure

insurance go
promise of reimbursement in the case of loss

automobile insurance, car insurance
insurance against loss due to theft or traffic accidents

noun.possession

1 Subcategories

no fault insurance, no fault automobile insurance go
a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident