surety (noun)
1surety — ► NOUN (pl. sureties) 1) a person who takes responsibility for another s performance of an undertaking, e.g. the payment of a debt. 2) money given as a guarantee that someone will do something. 3) the state of being sure …
2surety — sure·ty / shu̇r ə tē/ n pl ties [Anglo French seurté, literally, guarantee, security, from Old French, from Latin securitat securitas, from securus secure] 1: a formal engagement (as a pledge) given for the fulfillment of an undertaking 2: one… …
3surety bond — ➔ bond * * * surety bond UK US noun [C] ► LAW a legal agreement in which someone promises to pay a person or organization a sum of money if another person does not do something they had promised to do: »Contractors are not required to post a… …
4surety bond — noun a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance • Syn: ↑performance bond • Hypernyms: ↑bond, ↑bond certificate * * * noun : a written… …
5surety bond — noun a) A bond issued by one party, the surety, guaranteeing that he will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should the principle fail to perform. b) In a criminal case …
6surety — noun 1) she s a surety for his obligations Syn: guarantor, sponsor 2) a $10,000 surety Syn: pledge, collateral, guaranty, guarantee, bond, assurance, insurance, deposit; security, in …
7surety company — noun : a company whose primary business is acting as a surety for the performance of obligations especially by the issuing of surety bonds …
8surety — noun (C, U) law 1 someone who will pay a debt, appear in court etc if someone else fails to do so 2 stand surety (for sb) be responsible for paying a debt, appearing in court etc if someone else fails to do so 3 money someone gives to make sure… …
9surety — noun (plural ties) Etymology: Middle English seurte, from Anglo French seurté, from Latin securitat , securitas security, from securus Date: 14th century 1. the state of being sure: as a. sure knowledge ; certainty b. confidence in manner or… …
10surety bond — noun Date: 1911 a bond guaranteeing performance of a contract or obligation …