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

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Example Sentences

See Examples For:

suretyship

But William de Beauchamp's management of the estates was certainly not satisfactory and, if the suretyship of Chaucer was anything but a form, the poet stood a good chance of losing by it.

From Chaucer's Official Life by James Root Hulbert

This right is a common law right, arising from the contract of suretyship, and is not bounded by State lines.

From The American Judiciary by Simeon E. Baldwin, LLD

A revocation of the contract of suretyship by act of the parties, or in certain cases by the death of the surety, may also operate to discharge the surety.

From Encyclopaedia Britannica, 11th Edition, Volume 12, Slice 6 "Groups, Theory of" to "Gwyniad" by Various

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 Chester Arthur Phillips

And for suretyship he exposes it as a matter unsafe, nay highly dangerous, declaring that to be bound for idle and wicked men is full of hazard.

From Complete Works of Plutarch — Volume 3: Essays and Miscellanies by Plutarch

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