• (British) IPA: /ˈʃʊəɹɪtiːʃɪp/, /ˈʃɔːɹətiːʃɪp/

suretyship (plural suretyships)

  1. (legal) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
    • 1624, Democritus Junior [pseudonym; Robert Burton], The Anatomy of Melancholy: […], 2nd edition, Oxford, Oxfordshire: Printed by John Lichfield and James Short, for Henry Cripps, OCLC 54573970 ↗:
      , vol.1, New York Review of Books, 2001, p.290:
      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 […].

This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.003
Offline English dictionary