financial assurances

USAGE SUMMARY

"financial assurances" is a correct and usable phrase in written English.
It usually refers to measures taken to secure someone's financial well-being. For example, "The company provided financial assurances to its employees to secure their future."

✓ Grammatically correct

Academia

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

16 human-written examples

The financial assurances posted by the operating company at the time were only $4.5 million.

Columbia University

In fact, Entergy has already set aside money, in addition to other financial assurances, to decommission each of our plants, including Indian Point and Vermont Yankee.

The New York Times

G is for Guarantee The Rugby Football Union coughed up £80m in financial assurances just to win the hosting rights, so every penny will count.

Independent

Given what has played out in Greece, for German leaders to provide further financial assurances to the periphery would be unconscionable.

The New York Times

This is likely to become ever more common as small studios break out of the traditional publishing model and seek financial assurances before committing to major new projects.

The Guardian - Tech

The project is expensive, uses unproven technology and its builder is a disunited and over-borrowed company that requires constant financial assurances from an ever-changing cast of politicians.

The Guardian - Business

Human-verified similar examples from authoritative sources

Similar Expressions

44 human-written examples

Will the NPS adjust my financial assurance?

Cornell University

This financial assurance is in addition to any financial assurance required by any other regulatory authority.

Cornell University

36 CFR § 9.142 - Will the NPS adjust my financial assurance?

Cornell University

Under what circumstances will the NPS retain my financial assurance?

Cornell University

How does the NPS establish the amount of financial assurance?

Cornell University

Expert writing Tips

Best practice

In a business context, clarify the specific form of "financial assurances" being offered or required, such as surety bonds, letters of credit, or escrow accounts, to avoid ambiguity.

Common error

Avoid using "financial assurances" when referring to verbal promises or informal agreements. This phrase implies legally binding and well-documented financial instruments or guarantees. Use stronger terms like "guarantee", "bond", or "collateral" if those are accurate.

Linguistic Context

The phrase "financial assurances" functions as a noun phrase, typically serving as the subject or object of a sentence. It refers to the mechanisms or guarantees put in place to ensure financial obligations will be met. As Ludwig AI confirms, it is a valid and usable phrase.

Expression frequency: Common

Frequent in

News & Media

40%

Academia

35%

Science

10%

Less common in

Formal & Business

10%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "financial assurances" is a commonly used noun phrase that refers to the mechanisms and guarantees put in place to ensure financial obligations are met. As highlighted by Ludwig AI, it is a correct and usable phrase in English. Its usage spans various contexts, including news, academia, and science, with a neutral to professional register. Related phrases include "monetary guarantees" and "fiscal safeguards", each offering a slightly different emphasis. When using this phrase, it's important to be specific about the form of assurance involved and to avoid using it for informal promises. The phrase is important in environmental contexts and resource extraction to guarantee funds for remediation and long-term care. Ludwig's analysis shows that the phrase is both grammatically sound and practically valuable in a variety of settings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monetary guarantees

Replaces "assurances" with "guarantees", focusing on the guaranteed aspect of the financial backing.

fiscal safeguards

Substitutes "financial" with "fiscal" and "assurances" with "safeguards", emphasizing protection against financial risk.

monetary security

Replaces "assurances" with "security", highlighting the secured nature of the finances.

financial backing

Offers a simpler term for "assurances", focusing on the support aspect of the finances.

capital guarantees

Uses "capital" instead of "financial", focusing on the invested assets guaranteed.

financial safety nets

Emphasizes the protective function against financial hardship or loss.

surety bonds

Specifically refers to bonds that ensure obligations are met, a type of financial assurance.

guaranteed funding

Highlights the certainty of funding as the assurance provided.

indemnity agreements

Focuses on agreements that protect against financial loss or damage.

collateral

A more direct term referring to the assets pledged as security for a loan or obligation.

FAQs

How are "financial assurances" used in environmental contexts?

"Financial assurances" in environmental contexts typically refer to funds or mechanisms set aside to cover the costs of environmental cleanup, restoration, or long-term monitoring, ensuring these activities can be completed even if the responsible party becomes insolvent or unable to fulfill their obligations.

What's the difference between "financial assurances" and "insurance"?

"Financial assurances" are broader than "insurance", encompassing various mechanisms like surety bonds, letters of credit, and trust funds designed to guarantee that funds are available for a specific purpose, such as environmental remediation or project completion. "Insurance", on the other hand, is a contract that transfers risk from one party to another in exchange for premiums.

What types of instruments can be used as "financial assurances"?

Common instruments used as "financial assurances" include surety bonds, letters of credit, trust funds, escrow accounts, and corporate guarantees. The specific type of assurance required often depends on the nature of the obligation and the regulatory requirements of the jurisdiction.

Why are "financial assurances" important in mining and resource extraction?

"Financial assurances" are crucial in mining and resource extraction to ensure that funds are available to properly close and rehabilitate mine sites, manage long-term environmental impacts, and compensate for potential damages. Without adequate "financial assurances", taxpayers may be left to foot the bill for environmental liabilities.