Definition of "aleatory"
  1. Relating to an agreement where the outcome is reliant on a chance event, such as insurance claims reliant on the occurrence of accidents or damage
How to use "aleatory" in a sentence
  1. The fire insurance policy is an aleatory contract because it only pays out if a fire occurs.
  2. Life insurance is considered aleatory because it depends on the unpredictability of life span.
  3. Her health coverage represents an aleatory agreement where benefits are contingent on illnesses or injuries.

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