Assured definition: Copy, customize, and use instantly
Introduction
The term "Assured" refers to a person, entity, or party whose rights, benefits, or obligations are guaranteed or secured under an agreement or insurance policy. It may also indicate someone entitled to receive benefits or compensation.
Below are various examples of how "Assured" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Assured" as an insurance policyholder
This definition ties "Assured" to the individual holding an insurance policy.
"Assured" means the person or entity in whose favor an insurance policy is issued and who is entitled to receive benefits under the policy.
Definition of "Assured" as a risk-covered individual
This definition connects "Assured" to an individual whose risks are covered.
"Assured" refers to the party whose financial loss is protected by an insurance contract.
Definition of "Assured" as the named insured
This definition links "Assured" to the named insured under a policy.
"Assured" means the individual or entity specifically named in an insurance policy as the insured party.
Definition of "Assured" as the beneficiary of an insurance policy
This definition applies "Assured" to the beneficiary in an insurance context.
"Assured" refers to the person or entity that receives financial compensation for losses under the terms of an insurance agreement.
Definition of "Assured" as a party indemnified by an insurer
This definition ties "Assured" to indemnification by an insurer.
"Assured" means the individual or organization for whom an insurer assumes liability for covered risks or losses.
Definition of "Assured" as a covered party
This definition connects "Assured" to the party covered under an insurance contract.
"Assured" refers to the person or entity whose interests are protected by an insurance policy.
Definition of "Assured" as an insured risk holder
This definition links "Assured" to the holder of insured risks.
"Assured" means the individual or entity that holds an insurance policy to mitigate specific risks.
Definition of "Assured" as a contractual risk beneficiary
This definition applies "Assured" to beneficiaries of risk protection.
"Assured" refers to the party designated in an insurance contract to receive benefits upon the occurrence of covered events.
Definition of "Assured" as an insured policyholder
This definition ties "Assured" to being an insured policyholder.
"Assured" means the individual or entity that has entered into an insurance agreement with an insurer to protect against specific losses.
Definition of "Assured" as a named party in a contract
This definition connects "Assured" to a named party in an insurance agreement.
"Assured" refers to the person or entity identified in the insurance policy as the insured party.
Definition of "Assured" as a beneficiary underwritten by the insurer
This definition links "Assured" to underwriting by the insurer.
"Assured" means the person or entity for whom an insurer provides financial coverage for losses or damages specified in the policy.
Definition of "Assured" as a person protected by coverage
This definition applies "Assured" to protection under insurance coverage.
"Assured" refers to the individual or organization whose property or interests are insured under a policy.
Definition of "Assured" as a designated policy recipient
This definition ties "Assured" to the recipient of policy benefits.
"Assured" means the party entitled to receive indemnity or coverage as specified in an insurance agreement.
Definition of "Assured" as a covered interest holder
This definition connects "Assured" to holding covered interests.
"Assured" refers to the party whose interests are specifically protected under an insurance policy.
Definition of "Assured" as an indemnity claimant
This definition links "Assured" to claimants entitled to indemnity.
"Assured" means the individual or organization entitled to claim compensation for losses under an insurance contract.
Definition of "Assured" as a person with insured risks
This definition applies "Assured" to individuals with risks insured.
"Assured" refers to the party for whom an insurance policy is issued to provide financial security against defined risks.
Definition of "Assured" as the insured beneficiary
This definition ties "Assured" to being the insured beneficiary of a policy.
"Assured" means the person or entity designated to receive benefits or indemnity under the terms of an insurance contract.
Definition of "Assured" as the party covered by indemnification
This definition connects "Assured" to indemnification coverage.
"Assured" refers to the person or entity for whom an insurer guarantees payment for covered losses or damages.
Definition of "Assured" as a risk-mitigated individual
This definition links "Assured" to individuals with mitigated risks.
"Assured" means the party named in an insurance policy whose risks are mitigated through coverage by an insurer.
Definition of "Assured" as an insurance agreement participant
This definition applies "Assured" to participants in insurance agreements.
"Assured" refers to the party that enters into a contract with an insurer to receive protection against specific risks or losses.
Definition of "Absolute Priority Rule" as a hierarchy of claims in bankruptcy
This definition ties "Absolute Priority Rule" to the structured hierarchy of claims.
"Absolute Priority Rule" means a principle in bankruptcy that establishes a strict order for satisfying claims, where higher-priority claims are fully paid before lower-priority claims receive any payment.
Definition of "Absolute Priority Rule" as a debt-first payment principle
This definition connects "Absolute Priority Rule" to prioritizing debt repayment.
"Absolute Priority Rule" refers to a rule ensuring that creditors are paid in full before equity holders receive any distribution in bankruptcy proceedings.
Definition of "Absolute Priority Rule" as a fairness mechanism in asset distribution
This definition links "Absolute Priority Rule" to ensuring fairness in asset allocation.
"Absolute Priority Rule" means a legal standard that enforces the equitable distribution of a bankrupt entity's assets based on the established priority of claims.
Definition of "Absolute Priority Rule" as a creditor-first doctrine
This definition applies "Absolute Priority Rule" to prioritizing creditor claims.
"Absolute Priority Rule" refers to the principle that creditors are given precedence over shareholders when distributing a debtor's assets in bankruptcy.
Definition of "Absolute Priority Rule" as a rule for liquidation distribution
This definition ties "Absolute Priority Rule" to distribution during liquidation.
"Absolute Priority Rule" means the legal doctrine ensuring that senior claims are satisfied in full before any residual assets are distributed to junior claimants in liquidation.
Definition of "Absolute Priority Rule" as a bankruptcy claim resolution principle
This definition connects "Absolute Priority Rule" to resolving claims in bankruptcy.
"Absolute Priority Rule" refers to the rule that governs the order of payments to creditors and equity holders during bankruptcy proceedings.
Definition of "Absolute Priority Rule" as a seniority-based payment structure
This definition links "Absolute Priority Rule" to a seniority-based hierarchy.
"Absolute Priority Rule" means a framework in bankruptcy that prioritizes payments to senior creditors over subordinate claimants and shareholders.
Definition of "Absolute Priority Rule" as a statutory claim ranking principle
This definition applies "Absolute Priority Rule" to statutory ranking.
"Absolute Priority Rule" refers to the legal rule that enforces a statutory ranking of claims, ensuring senior claims are addressed before junior claims in insolvency cases.
Definition of "Absolute Priority Rule" as a fundamental bankruptcy doctrine
This definition ties "Absolute Priority Rule" to its foundational role in bankruptcy law.
"Absolute Priority Rule" means a cornerstone principle in bankruptcy that mandates strict adherence to the order of priority in claim payments.
Definition of "Absolute Priority Rule" as a creditor protection mechanism
This definition connects "Absolute Priority Rule" to protecting creditors.
"Absolute Priority Rule" refers to the principle that safeguards creditors' rights by ensuring their claims are addressed before shareholders receive any payments.
Definition of "Absolute Priority Rule" as a rule for asset hierarchy enforcement
This definition links "Absolute Priority Rule" to enforcing the hierarchy of asset distribution.
"Absolute Priority Rule" means a legal doctrine that enforces the proper hierarchy of claims, ensuring higher-priority claims are satisfied first in bankruptcy proceedings.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.