Also known as: assecuration · assecurationis · assecurator · assecurators · assurance · insurance
Written by attorneys · grounded in primary & secondary sources — see below
A historical pledge or other act undertaken to secure performance of an obligation or protection of an interest.
Select any source to read its text and confirm it supports the definition.
Avalon Pharmaceuticals contracted to buy a warehouse from Ashford Manufacturing. Before closing a fire destroyed the building. Avalon could not rescind or reduce the price because the contract had already secured the buyer's equitable interest in the property.
Aurora Biotech sued a supplier and immediately produced its liability policy showing coverage limits. The disclosure secured the defendant's ability to evaluate settlement exposure from the outset of litigation.
Adam Anderson, managing partner at Azure Solutions, implemented training and review procedures. These steps secured compliance by all associates with professional conduct rules governing client representations.
Audrey Ashton agreed to sell equipment to Anita Ali but learned Ali's financing had fallen through. Ashton demanded proof of new funding and suspended delivery until the assurance secured her expectation of payment.
Arthur Abrams's will specifically devised a lakeside cottage to Ariana Azizi. After the cottage burned the unpaid insurance proceeds passed to Ariana because the devise secured her right to the property or its substitute value.
Alexis Archer purchased a policy from an out-of-state carrier that actively solicited business in her home state. When a covered claim arose the carrier's single deliberate contact secured personal jurisdiction over it in Archer's local court.
It refers to an act of pledging or otherwise securing an obligation or interest.
The term captures the foundational idea of using a pledge or contract to make performance or recovery secure, which underpins both property risk allocation and discovery of insurance agreements.
Yes. Contract law uses demands for assurance to secure expected performance, while wills doctrine preserves a devisee's rights in insurance proceeds when specifically devised property is lost.
…in nearly all these instances, the use of the word is such that it has application only postnatally. None indicates, with any assurance, that it has any possible pre-natal application. All this, together with our observation, supra , that throughout the major portion of the 19th century prevailing legal abortion practices…