Outrageously Funny Word Dictionary :: Assurable

👉 In law, an "assurant" is a person who has agreed to take on or guarantee a debt. This means that if someone owes money (the obligor), they can rely on the assurant's ability to meet their obligations (the surety) to secure the payment of the debt. The term is often used in relation to financial agreements, such as loans or credit agreements, where the obligor may need to provide collateral (such as a security interest in collateral) in

assurable