Assurance

/əˈʃʊərəns/

Definitions

  1. (n.) A formal pledge or guarantee, especially in legal or financial contexts, ensuring that a particular condition or outcome will be met.
    The contract included an assurance that the work would be completed on time.
  2. (n.) In insurance law, a contract by which one party guarantees compensation for specified loss, damage, illness, or death in return for payment.
    He purchased life assurance to protect his family financially.

Forms

  • assurances

Commentary

Assurance often implies a stronger or more formal guarantee than warranty; use precise terms to distinguish types of guarantees in drafting.

This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.

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