noun
- plural of assuror; persons or entities that provide assurance or guarantee something
Usage: formal; legal/business context
Examples
- The assurors of the bond pledged to cover any losses.
- Multiple assurors were required to back the large commercial loan.
- The contract named three assurors responsible for performance guarantees.
- Insurance assurors must maintain adequate reserves.
- The assurors agreed to indemnify the company against unforeseen liabilities.