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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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a promise, or money or property given as a promise, that someone will do something that they have said they will do, such as pay a debt or appear in court: Analysts doubt whether Ford would have been able to raise such a large amount of debt without some kind of surety.
The meaning of SURETY is the state of being sure. How to use surety in a sentence. the state of being sure: such as; sure knowledge : certainty; confidence in manner or behavior : assurance…
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...
SURETY meaning: 1. a person who accepts legal responsibility for another person's debt or behaviour, or money given…. Learn more.
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.
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 money or something valuable which you give to someone to show that you will do what you have promised.
In finance, a surety / ˈ ʃ ʊər ɪ t i /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.
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 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.
