What does suretiship mean?
Definitions for suretiship
sureti·ship
This dictionary definitions page includes all the possible meanings, example usage and translations of the word suretiship.
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Samuel Johnson's Dictionary
Suretishipnoun
The office of a surety or bondsman; the act of being bound for another.
Etymology: from surety.
Hath not the greatest slaughter of armies been effected by stratagem? And have not the fairest estates been destroyed by suretiship? South.
Idly, like prisoners, which whole months will swear
That only suretiship hath brought them there. John Donne.If here not clear’d, no suretyship can bail
Condemned debtors from th’ eternal gaol. John Denham.
ChatGPT
suretiship
Suretyship refers to a legal agreement where one party, known as the surety, agrees to take responsibility for another party's debt or obligation in the event of non-performance. The surety assumes the financial responsibility and promises to fulfill the obligations if the primary debtor fails to do so. In other words, the surety acts as a guarantor, providing a guarantee of payment or performance on behalf of the debtor. Suretyship is commonly used in various situations, such as contracts, loans, or bail bonds, to provide an additional layer of financial security for the creditor or party receiving the surety's guarantee.
Webster Dictionary
Suretishipnoun
suretyship
Editors Contribution
SURETISHIPadjective
legal liability for the debt, default, or failure in duty of another
Submitted by nelson.gandc on November 22, 2021
Numerology
Chaldean Numerology
The numerical value of suretiship in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of suretiship in Pythagorean Numerology is: 9
Translations for suretiship
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"suretiship." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/suretiship>.
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