Assurance definition

Assurance means any act or action, whether written or oral, expressing an opinion or conclusion
Assurance means, as to any Person, any guaranty or other contingent liability of such Person (other than any endorsement for collection or deposit in the ordinary course of business) or obligations as an account party in respect of letters of credit, direct or indirect, with respect to any obligation of another Person, through an agreement or otherwise, including (a) any other endorsement or discount with recourse or undertaking substantially equivalent to or having economic effect similar to a guarantee in respect of any such obligation and (b) any agreement (i) to purchase, or to advance or supply funds for the payment or purchase of, any such obligation, (ii) to purchase securities or to purchase, sell or lease property (whether as lessee or lessor), products, materials or supplies, or transportation or services, in respect of enabling such other Person to pay any such obligation or to assure the owner thereof against loss regardless of the delivery or non-delivery of the securities, property, products, materials or supplies, or transportation or services or (iii) to make any loan, advance or capital contribution to or other investment in, or to otherwise provide funds to or for, such other Person in respect of enabling such Person to satisfy any obligation (including any liability for a dividend, stock liquidation payment or expense) or to assure a minimum equity, working capital or other balance sheet condition in respect of any such obligation. The amount of any Assurance shall be an amount equal to the lesser of the stated or determinable amount of the primary obligation in respect of which such Assurance is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform thereunder) as determined by such Person in good faith.
Assurance means any warranty, representation, statement, assurance, covenant, agreement, undertaking, indemnity, guarantee or commitment of any nature whatsoever;

Examples of Assurance in a sentence

  • As with Life Assurance, the cost of the work done on your behalf is usually covered by the commission paid by the provider.

  • Seller shall deliver Performance Assurance in the Applicable PA Amount on or before three (3) Business Days after the Effective Date.

  • If Seller fails to extend or replace any Letter of Credit by the date that is thirty (30) days prior to the expiration thereof or fails to replace any Letter of Credit within the time period required by the fourth sentence of this Section 8.2, Buyer shall be entitled to draw the full amount of the Letter of Credit and treat the proceeds as Performance Assurance in the form of cash.

  • You may also provide a letter from a practitioner who is registered under the Health Practitioners Competence Assurance Act 2003.

  • FY 23-24 FY 24-25 ADMINISTRATIVE POSITIONS Program Administrator 0.50 0.50 Subtotal Administrative 0.50 0.50 PROGRAM POSITIONS FTE FTE Program Manager 1.00 1.00 Quality Assurance Specialist 0.50 0.50 In-Custody Clinician 4.00 4.00 In-Custody SUD Counselor 3.00 3.00 Post Release Case Manager 2.00 2.00 Lead In-Custody SUD Counselor 1.00 1.00 Subtotal Program 11.50 11.50 Total FTEs 12.00 12.00 DocuSign Envelope ID: D7152BC9-1B51-474D-A4DE-426A8A516E39 I.


More Definitions of Assurance

Assurance means independent professional services that improve the quality of information, or its context, for decision makers;
Assurance means independent professional services that
Assurance means this Assurance of Voluntary Compliance.
Assurance means any form of expressed or implied opinion or conclusion about the conformity of
Assurance means the provision of telephone and online support, fixes, patches and new Releases made available while on active Assurance or new Versions if applicable to the generally available ConnectWise Software licensed by Client.
Assurance means any warranty, promise, representation, statement, assurance, covenant, collateral contract, agreement, undertaking, indemnity, guarantee or commitment of any nature whatsoever made or given by or on behalf of the Seller or any member of the Seller’s Group prior to Completion;
Assurance means any assurance required to be carried out pursuant to this Contract and as referred to in schedule 4;