assurance

Definitions (2)
Related Terms
1. Part of corporate governance in which a management provides accurate and current information to the stakeholders about the efficiency and effectiveness of its policies and operations, and the status of its compliance with the statutory obligations.
2. Insurance cover against an eventuality that (sooner or later) must occur; death of the person covered under a life insurance policy being the common one.

Use assurance in a sentence

Whenever we make a change to one of our products we are required to send it to quality assurance so that they can double check our work.
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Before I went all the way to a different country, I needed some assurance that I would have enough money when I got there.
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When doctors diagnose patients with minor problems they should remember that the person usually does not have much medical knowledge and needs assurance that the problem is not serious
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