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- Dictionarysurety/ˈʃʊərɪti/
noun
- 1. a person who takes responsibility for another's performance of an undertaking, for example their appearing in court or paying a debt: "the rights of wives who act as sureties for their husband's debts" Similar
- 2. the state of being sure or certain of something: "the surety of my impending fatherhood"
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Aug 29, 2024 · A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In effect, a surety acts as a guarantee that a person or an organization...
SURETY definition: 1. a person who accepts legal responsibility for another person's debt or behaviour, or money given…. Learn more.
In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.
How to use surety in a sentence. the state of being sure: such as; sure knowledge : certainty; confidence in manner or behavior : assurance… See the full definition
a person who accepts legal responsibility for another person's debt or behavior, or money given as a promise that someone will do something that they have promised to do, such as pay a debt or appear in court: Her brothers are acting as sureties for her. No one has yet been found who is willing to stand (= act as a) surety for Mr. Naylor.
a person who accepts responsibility if somebody else does not pay a debt, appear in court, etc. to act as surety for somebody. She has promised to stand surety for £5 000.
Surety definition: security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or bond.. See examples of SURETY used in a sentence.
A surety is money or something valuable which you give to someone to show that you will do what you have promised.
1. security against loss or damage or for the payment of a debt or fulfillment of an obligation; a pledge, guaranty, or bond. 2. a person who has made himself or herself responsible for another, as a sponsor or bondsman. 3. the state or quality of being sure; certainty.
A surety is a fact that no one questions. Surety, in a legal sense, is the security you can provide when you apply for a loan. When you're sure of something, you're positive it's true. Such things are sureties, because they inspire such confidence. Also, there's a legal type of surety.
