suretyship

English dictionary entry

Meanings

noun

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.

/ˈʃʊəɹɪtiːʃɪp/ /ˈʃɔːɹətiːʃɪp/

suretyship suretyships suretiship

From surety + -ship, possibly a partial calque of Middle English borweship (“suretiship, borrowship”).

borrowage borrowship

guaranty

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