suretyship
Pronunciation
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Pronunciation
- (British) IPA: /ˈʃʊəɹɪtiːʃɪp/, /ˈʃɔːɹətiːʃɪp/
suretyship (plural suretyships)
- (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 […].
- French: cautionnement
- German: Bürgschaft
- Italian: fideiussione
- Portuguese: fiança, caução
- Russian: поручи́тельство
- Spanish: fianza, caución
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.002