surety

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• surety — sure·ty / shu̇r ə tē/ n pl ties [Anglo French seurté, literally, guarantee, security, from Old French, from Latin securitat securitas, from securus secure] 1: a formal engagement (as a pledge) given for the fulfillment of an undertaking 2: one… …   Law dictionary

• Surety — Sure ty, n.; pl. {Sureties}. [OE. seurte, OF. se[ u]rt[ e], F. s[^u]ret[ e]. See {Sure}, {Security}.] 1. The state of being sure; certainty; security. [1913 Webster] Know of a surety, that thy seed shall be a stranger in a land that is not theirs …   The Collaborative International Dictionary of English

• Surety — Sure ty, v. t. To act as surety for. [Obs.] Shak. [1913 Webster] …   The Collaborative International Dictionary of English

• surety — c.1300, from O.Fr. seurté, from L. securitatem (nom. securitas) freedom from care or danger, safety, security, from securus (see SECURE (Cf. secure)). Until 1966, the Fr. national criminal police department was the Sûreté nationale …   Etymology dictionary

• surety — 1 security, bond, *guarantee, guaranty, bail Analogous words: *pledge, earnest, token, hostage, pawn 2 guarantor, *sponsor, backer, patron, angel …   New Dictionary of Synonyms

• surety — ► NOUN (pl. sureties) 1) a person who takes responsibility for another s performance of an undertaking, e.g. the payment of a debt. 2) money given as a guarantee that someone will do something. 3) the state of being sure …   English terms dictionary

• surety — [shoor′ə tē, shoor′tē] n. pl. sureties [ME seurte < OFr < L securitas < securus, sure, SECURE] 1. the state of being sure; sureness; assurance 2. something sure; certainty 3. something that makes sure or gives assurance, as against loss …   English World dictionary

• Surety — A surety is a person who agrees to be responsible for the debt or obligation of another. Furthermore, a surety is also a security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or… …   Wikipedia

• surety — One who at the request of another, and for the purpose of securing to him a benefit, becomes responsible for the performance by the latter of some act in favor of a third person, or hypothecates property as security therefor. One who undertakes… …   Black's law dictionary

• surety — Generally the same as guarantor; however, in some states there are important distinctions. American Banker Glossary An individual or corporation that guarantees the performance or actions of another. Bloomberg Financial Dictionary * * * surety… …   Financial and business terms

• Surety — The guarantee of the debts of one party by another. A surety is the organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is unable to make the payments. The party that guarantees the debt …   Investment dictionary