In legal contexts, “assured” typically refers to a person or entity who has been guaranteed or secured against certain risks or liabilities. This term may be used in various contexts, such as insurance, contracts, or guarantees. For instance, in insurance law, an “assured” is the individual or entity covered by an insurance policy, with the insurer providing assurance or protection against specified risks or losses. In contract law, an “assured” party is one who has been promised or ensured certain rights, benefits, or outcomes under the terms of a contractual agreement. The use of “assured” implies a level of confidence or certainty regarding the protection or fulfilment of rights, obligations, or expectations within the legal framework.
n. the person or entity that is insured, often found in insurance contracts.
Assured (adjective):
1. Confident or certain about something; having no doubts or fears.
Example: She was assured of her success after months of hard work and preparation.
2. Guaranteed or promised; made certain or secure.
Example: The company provided an assured delivery date for the package.
3. Insured or protected against loss or damage.
Example: The policy offered an assured sum to the beneficiaries in case of the insured person’s death.
4. Self-assured; displaying confidence and poise.
Example: The speaker delivered her presentation with an assured demeanour, captivating the audience.
5. Providing reassurance or confidence; giving a sense of certainty.
Example: The doctor’s calm and assured manner helped ease the patient’s anxiety.
6. Having a sense of security or peace of mind.
Example: The presence of security guards in the building made the residents feel assured of their safety.
Assured is a term used in legal contexts to refer to a person or entity that has been guaranteed or promised something, typically in a contractual agreement. The term implies that the individual or organization can rely on the assurance given to them and that they have a legal right to expect the promised outcome. The concept of being assured is often used in insurance contracts, where the insurer assures the policyholder of coverage in the event of a specified loss or damage. In such cases, the assured party is entitled to claim compensation or benefits as per the terms of the insurance policy. The term “assured” is also used in other legal contexts, such as in the context of warranties or guarantees provided by manufacturers or sellers of goods and services. In these cases, the assured party can seek remedies or compensation if the promised quality or performance is not met. Overall, being assured provides a legal protection and entitlement to the party receiving the assurance.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March, 2024.
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