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suretyship

[shoo r-i-tee-ship, shoo r-tee-, shur-i-tee-, shur-tee-] /ˈʃʊər ɪ tiˌʃɪp, ˈʃʊər ti-, ˈʃɜr ɪ ti-, ˈʃɜr ti-/
noun, Law.
1.
the relationship between the surety, the principal debtor, and the creditor.
Origin of suretyship
1525-1535
First recorded in 1525-35; surety + -ship
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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