▪ I. assured as‧sured 1 [əˈʆʊəd ǁ əˈʆʊrd] noun
the ( life) assured INSURANCE the person or organization that will receive the money from an assurance agreement, or the person whose life is covered by the agreement; = the insured AmE:
• A policy is of no effect until the certificate is delivered to the assured.
[m0] ▪ II. assured assured 2 adjective
an assured income/supply/market etc COMMERCE ECONOMICS something that you can rely on to be available:
• Joe's assured income persuaded the bank to lend him the money.
• Plentiful raw materials and assured markets had improved living standards.
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Ⅰ.
assured UK US /əˈʃʊəd/ adjective
► certain to happen or be achieved: »
The agreement required South Korea to provide an assured market for American products.
»assured income/profit
► INSURANCE that is referred to in an assurance agreement: »
The ""sum assured"" is normally the amount that will be paid out on a policy when the policy matures, or if you die before the term.
»This person will collect the benefit if the life assured (person named in the assurance policy) dies before the policy matures.
Ⅱ.
assured UK US /əˈʃʊəd/ noun
Financial and business terms. 2012.