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English definition of “assured”

assured

noun
 
 
/əˈʃʊəd/
the assured INSURANCE a person who is named in an insurance agreement , especially for a type of insurance that will pay them money at the end of an agreed period, or the person who has the right to receive the money when the person named in the insurance agreement dies
(Definition of assured noun from the Cambridge Business English Dictionary © Cambridge University Press)
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