Suretyship
Definition, Meaning & Examples
Pronunciation /ˈʃʊəɹɪtiːʃɪp/ · Part of speech noun
Quick meaning: Suretyship is a noun meaning (law) An accessory agreement through which one binds oneself for another already bound, either in whole or in part, as for one's debt, default or miscarriage; the assumption of liability for the obligations of another.
Meaning
(law) An accessory agreement through which one binds oneself for another already bound, either in whole or in part, as for one's debt, default or miscarriage; the assumption of liability for the obligations of another.
Example Sentences
as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […].
Word Forms
- suretyships
- suretiship
Synonyms for suretyship
Depending on context, synonyms include borrowage, borrowship.
Related Words
Related dictionary entries include recognizance, bond, bail, guarantor, guarantee, suasion.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.