Assurance Gap definition

Assurance Gap means appropriate assurance is not provided on the identified significant strategic and operational risks facing the City.

Examples of Assurance Gap in a sentence

  • Landlord will continue this regulatory obligation at its sole cost and expense upon expiration or termination of the Lease and any extensions thereto, subject to the Financial Assurance Gap Agreement executed by Landlord and Tenant concurrently herewith.

Related to Assurance Gap

  • Assurance means any act or action, whether written or oral, expressing an opinion or conclusion

  • Reassurance means to offer an individual encouragement and support.

  • External Auditor means the Corporation’s independent auditor; and

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Provider of financial assurance means an entity that provides financial assurance to an Owner or Operator of an underground storage tank through one of the mechanisms listed in these Regulations, including a guarantor, insurer, risk retention group, surety, issuer of a letter of credit, issuer of a state required mechanism, or a state.