suretyship

[ shoo r-i-tee-ship, shoo r-tee-, shur-i-tee-, shur-tee- ]

/ ˈʃʊər ɪ tiˌʃɪp, ˈʃʊər ti-, ˈʃɜr ɪ ti-, ˈʃɜr ti- /

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noun Law.

the relationship between the surety, the principal debtor, and the creditor.

Words nearby suretyship

sure-handed, surefire, surefooted, surely, surety, suretyship, surf, surf 'n' turf, surf and turf, surf boat, surf casting

Origin of suretyship

First recorded in 1525–35; surety + -ship

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for suretyship

Among other things this statute required contracts of suretyship to be in writing to be enforceable.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various
He was especially afraid of a suretyship suit instituted by Widow Smith.
Sir Walter Ralegh|William Stebbing
Attempts to perform such acts of suretyship are beyond their power, and are ultra vires.
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various
If a suretyship contract is part of the transaction which it secures must it be supported by a separate consideration?
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various

In commercial practice what form of suretyship contract is most frequently used, that of a surety or of a guarantor?
Cyclopedia of Commerce, Accountancy, Business Administration, v. 3|Various