suretyship

American  

[shoor-i-tee-ship, shoor-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.

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Etymology

Origin of suretyship

First recorded in 1525–35; surety + -ship

Example Sentences

See Examples For:

suretyship

Thales of Miletos declared, and the yet greater and wiser Solomon was in accord—"Who hateth suretyship is sure."

From Proverb Lore Many sayings, wise or otherwise, on many subjects, gleaned from many sources by Hulme, F. Edward (Frederick Edward)

Fidelity insurance and suretyship providing against loss by reason of the dishonesty of individuals and the non-performance of obligations, contracts, etc., have often been combined with the various forms of trust company activity.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

Handbook of the law of suretyship and guaranty.

From U.S. Copyright Renewals, 1958 July - December by Library of Congress. Copyright Office

He also introduced, during the sessions of 1842 and 1843, bills to abolish suretyship in Georgia.

From Robert Toombs Statesman, Speaker, Soldier, Sage by Stovall, Pleasant A.

C. Not so, when man is undone by suretyship.

From Notes and Queries, Number 23, April 6, 1850 by Various