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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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1. : the state of being sure: such as. a. : sure knowledge : certainty. b. : confidence in manner or behavior : assurance. 2. a. : a formal engagement (such as a pledge) given for the fulfillment of an undertaking : guarantee. b. : a basis of confidence or security. 3.
Oct 12, 2023 · 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 definition: 1. a person who accepts legal responsibility for another person's debt or behaviour, or money given…. Learn more.
security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or bond. a person who is legally responsible for the debt, default, or delinquency of another.
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.
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.
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.
noun. /ˈʃʊərəti/, /ˈʃɔːrəti/. /ˈʃʊrəti/. [countable, uncountable] (plural sureties) (law) money given as a promise that you will pay a debt, appear in court, etc. She was granted bail with a surety of $500. They have offered a large amount of money as surety.
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.
