Definition of "assurance"
assurance
/əˈʃʊɹəns/
noun
countable and uncountable, plural assurances
(insurance) Insurance; a contract for the payment of a sum on occasion of a certain event, as loss or death. Assurance is used 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.