English version

surety in Law topic

From Longman Dictionary of Contemporary Englishsuretysur‧e‧ty /ˈʃɔːrəti $ ˈʃʊr-/ noun (plural sureties) [countable, uncountable] law 🔊 🔊 1 SCLBFLsomeone who will pay a debt, appear in court etc if someone else fails to do so2 stand surety (for somebody)3 SCLSCTmoney someone gives to make sure that someone will appear in court
Examples from the Corpus
suretyThey also ordered £25,000 surety to be seized.He was due to be released on conditional bail last night once a surety had been produced.The creditor had no knowledge of what had passed between debtor and sureties.Before modern institutions for extending credit were available, insignia and jewels were well adapted to serve as sureties for loans.I had no money, I had no surety.Primafacie, a creditor does not owe a duty to a proposed surety to explain the security documents.