Adequate Assurance
Legal definition for Indian law research
Definition
Adequate assurance, in relation to bankruptcy means, evidence that a debtor will probably be able to perform its obligations under a contract such as the posting of a bond or a showing that the debtor will generate sufficient income to pay any arrearages and future payment obligations, Black Law Dictionary, 7th Edn., p. 40.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.