binryvelve'u lujvo

v1 is an insurance premium for an insurance sold from v2=b1 to b2=v4, which is v3.

v2=b1 and b2=v4 do not neccessarily need to be human, these could also refer to abstract entities, like companies. See also: binra, vecnu and ve.

In notes:

x1 insures/indemnifies x2 (person) against peril x3 (event) providing benefit(s) x4 (event).