Definition: In English, insurance of a certificate means protection or security that a party may rely on in case they need to change their mind about something they've agreed upon in a contract. This type of insurance usually comes with a fixed or limited term, which means that if there are any changes made later after the initial agreement, the original terms and conditions will not be renewed for another period. For example, a person may have signed a contract to purchase a house from one party and then decide they want to change their minds about this new deal. In such a situation, insurance of the new agreement can protect them from any damage caused by a breach of the original agreement if there is an unforeseen event that occurs after the initial agreement has been made. The term "insurance of certificate" comes from the context where a party needs to prove they have sufficient financial resources in case they need to change their mind about something in a contract. In this sense, insurance can provide protection against any potential changes or losses if there are any issues or uncertainties involved in the original agreement, even after it has been signed and agreed upon. For example, a person may be trying to purchase a house from one party but later decide that they want to change their mind about this deal. In such a scenario, insurance of their earlier decision can provide financial protection if there are any issues or changes in the original agreement that could affect their ability to proceed with purchasing the property.
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