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

Good my lady, 'tis for a prison—for an hospital; 'tis for an old man—a poor man undone by shipwreck, by suretyship, by fire.

From Sterne by Traill, H. D. (Henry Duff)

Robin Hood accepts her surety for four hundred pounds lent to stranger guest, 322; the Black Monk and the suretyship, 331-333 Outlaws.

From Hero-Myths & Legends of the British Race by Ebbutt, M. I. (Maud Isabel)

"He that is surety for a stranger, shall smart for it; and he that hateth suretyship is sure."

From The Choctaw Freedmen and The Story of Oak Hill Industrial Academy by Flickinger, Robert Elliott

If his suretyship be accepted—if He meet and fulfil all the requirements of an outraged law, the gates of the dismal prison-house will and must be opened.

From Memories of Bethany by Macduff, John R. (John Ross)

SEE Madden,     Joseph W.   Handbook of the law of suretyship     and guaranty.

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