/ˈspɒnʃənˈ/ – noun
Definition: 1. việc bảo lãnh;
2. sự cam kết, sự cam đoan.
A more thorough explanation: “Sponsion” is a term used in legal English to refer to a promise or guarantee made by one party to another, typically in the context of a contract or agreement. It signifies a formal commitment to fulfill a specific obligation or duty.
Example: The sponson of the contract stipulates that both parties are responsible for any damages incurred during the construction project.