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.

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

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