Meaning of “National Insurance” in the English Dictionary

business-english dictionary

(Definition of “National Insurance” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"national insurance" in Business English

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national insurancenoun [ U ]

uk us abbreviation NI TAX

a system in the UK in which the government collects money from workers and companies so that it can make payments to people who are unemployed, ill, or too old to work:

(Definition of “national insurance” from the Cambridge Business English Dictionary © Cambridge University Press)