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English definition of “assured”

assured

adjective
 
 
/əˈʃʊəd/
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.
-assured used in compound words to refer to products that meet certain quality standards: farm-assured meat quality-assured processes/standards
(Definition of assured adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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