Define: Assurance

UK Accounting Glossary

Definition: Assurance


Quick Summary of Assurance


Insurance against an eventuality that must occur.




What is the dictionary definition of Assurance?

Dictionary Definition


  1. The act of assuring; a declaration tending to inspire full confidence; that which is designed to give confidence.
  2. The state of being assured; firm persuasion; full confidence or trust; freedom from doubt; certainty.
  3. firmness of mind; undoubting, steadiness; intrepidity; courage; confidence; self-reliance.

Assurance is Insurance against an eventuality (especially Death) that must occur.


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Full Definition of Assurance


Assurance refers to financial coverage that provides for remuneration for an event that is certain to happen. Assurance is similar to insurance, with the terms often used interchangeably.


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Examples of Assurance in a sentence


Progress is the activity of today and the assurance of tomorrow.

Our Health Care Policy combines life assurance with critical illness cover.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/assurance/
Modern Language Association (MLA):
Assurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 22, 2019 https://payrollheaven.com/define/assurance/.
Chicago Manual of Style (CMS):
Assurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assurance/ (accessed: November 22, 2019).
American Psychological Association (APA):
Assurance. PayrollHeaven.com. Retrieved November 22, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/assurance/

Definition Sources


Definitions for Assurance are sourced/syndicated from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th May 2019.