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


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

  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.

Also:

  • The act of assuring; a declaration tending to inspire full confidence; that which is designed to give confidence.
  • The state of being assured; firm persuasion; full confidence or trust; freedom from doubt; certainty.
  • Excess of boldness; impudence; audacity; as, his assurance is intolerable.
  • Betrothal; affiance.
  • Insurance; a contract for the payment of a sum on occasion of a certain event, as loss or death. Recently, assurance has been used, in England, in relation to life contingencies, and insurance in relation to other contingencies. It is called temporary assurance, in the time within which the contingent event must happen is limited.
  • Any written or other legal evidence of the conveyance of property; a conveyance; a deed. In England, the legal evidences of the conveyance of property are called the common assurances of the kingdom. (William Blackstone (1723-1780))

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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.


Synonyms For Assurance


guarantee, confidence, conviction, certainty, security


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. February 24, 2020 https://payrollheaven.com/define/assurance/.
Chicago Manual of Style (CMS):
Assurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/assurance/ (accessed: February 24, 2020).
American Psychological Association (APA):
Assurance. PayrollHeaven.com. Retrieved February 24, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/assurance/

Definition Sources


Definitions for Assurance are sourced/syndicated and enhanced 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.