What does surety mean?

Definitions for surety
ˈʃʊər ɪ ti, ˈʃʊər ti, ˈʃɜr-sure·ty

This dictionary definitions page includes all the possible meanings, example usage and translations of the word surety.

Princeton's WordNet

  1. suretynoun

    something clearly established

  2. security, suretynoun

    property that your creditor can claim in case you default on your obligation

    "bankers are reluctant to lend without good security"

  3. hostage, suretynoun

    a prisoner who is held by one party to insure that another party will meet specified terms

  4. guarantor, surety, warrantor, warranternoun

    one who provides a warrant or guarantee to another

  5. security, suretynoun

    a guarantee that an obligation will be met

Wiktionary

  1. suretynoun

    certainty

  2. suretynoun

    A promise to pay a sum of money in the event that another person fails to fulfill an obligation.

  3. suretynoun

    One who undertakes to pay money or perform other acts in the event that his principal fails therein.

  4. Etymology: From seurté, from securitas, securitatem.

Samuel Johnson's Dictionary

  1. SURETYnoun

    Etymology: sureté, French.

    There the princesses determining to bathe, thought it was so privileged a place as no body durst presume to come thither; yet, for the more surety, they looked round about. Philip Sidney.

    Know of a surety that thy seed shall be a stranger. Gen. xv.

    We our state
    Hold, as you your’s while our obedience holds;
    On other surety none. John Milton.

    She call’d the saints to surety,
    That she would never put it from her finger,
    Unless she gave it to yourself. William Shakespeare.

    There remains unpaid
    A hundred thousand more, in surety of the which
    One part of Acquitain is bound to us. William Shakespeare.

    That you may well perceive I have not wrong’d you,
    One of the greatest in the Christian world
    Shall be my surety. William Shakespeare, All’s well that ends well.

    I will be surety for him; of my hand shalt thou require him. Gen. xliii. 9.

    Yet be not surety, if thou be a father;
    Love is a personal debt: I cannot give
    My children’s right, nor ought he take it. George Herbert.

    All, in infancy, are by others presented with the desires of the parents, and intercession of sureties, that they may be early admitted by baptism into the school of Christ. Henry Hammond.

Wikipedia

  1. Surety

    In finance, a surety , surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor".

ChatGPT

  1. surety

    Surety is a contractual agreement in which an individual or organization accepts legal responsibility for the debt or obligations of another person or entity. This is often conducted through a surety bond, where the surety pledges to cover any loss incurred if the debtor fails to fulfill the contract terms or obligations. Surety can also refer to the person or party that provides this guarantee.

Webster Dictionary

  1. Suretynoun

    the state of being sure; certainty; security

  2. Suretynoun

    that which makes sure; that which confirms; ground of confidence or security

  3. Suretynoun

    security against loss or damage; security for payment, or for the performance of some act

  4. Suretynoun

    one who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail

  5. Suretynoun

    hence, a substitute; a hostage

  6. Suretynoun

    evidence; confirmation; warrant

  7. Suretyverb

    to act as surety for

  8. Etymology: [OE. seurte, OF. sert, F. sret. See Sure, Security.]

Wikidata

  1. Surety

    A surety, surety bond or guaranty, in finance, is a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company that provides this promise, is also known as a surety or guarantor. The situation in which a surety is most typically required is when the ability of the primary obligor or principal to perform its obligations to the obligee under a contract is in question, or when there is some public or private interest which requires protection from the consequences of the principal's default or delinquency. In most common law jurisdictions, a contract of suretyship is subject to the Statute of Frauds and is only enforceable if recorded in writing and signed by the surety and the principal. In the United States, a surety bond may be required for certain federal projects due to the Miller Act; in addition, many states have adopted their own "Little Miller Acts". The surety transaction will typically involve a producer, and in the United States the National Association of Surety Bond Producers is a trade association which represents this group. If the surety is required to pay or perform due to the principal's failure to do so, the law will usually give the surety a right of subrogation, allowing the surety to "step into the shoes of" the principal and use his contractual rights to recover the cost of making payment or performing on the principal's behalf, even in the absence of an express agreement to that effect between the surety and the principal.

Chambers 20th Century Dictionary

  1. Surety

    shōōr′ti, n. certainty: he who, or that which, makes sure: security against loss: one who becomes bound for another, a sponsor.—ns. Sure′tyship, Sure′tiship, state of being surety: obligation of one person to answer for another. [Doublet security.]

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Numerology

  1. Chaldean Numerology

    The numerical value of surety in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of surety in Pythagorean Numerology is: 9

Examples of surety in a Sentence

  1. Robert Duke:

    Losing the qualification to self bond and turning to the corporate surety market is uncharted territory.

  2. Donald Trump:

    No politician in history -- and I say this with great surety -- has been treated worse or more unfairly, don't give in.

  3. Sir Walter Raleigh:

    Above all things, be not made an ass to carry the burdens of other men if any friend desire thee to be his surety, give him a part of what thou has to spare if he presses thee further, he is not thy friend at all.

  4. Donald Trump:

    Look at the way I have been treated lately, especially by the media, no politician in history, and I say this with great surety, has been treated worse or more unfairly. You can't let them get you down, you can't let the critics and the naysayers get in the way of your dreams.

  5. The President:

    No politician in history — and I say this with great surety — has been treated worse or more unfairly.

Popularity rank by frequency of use

surety#10000#23287#100000

Translations for surety

From our Multilingual Translation Dictionary

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"surety." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/surety>.

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