suretyship

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English[edit]

Etymology[edit]

From surety +‎ -ship.

Pronunciation[edit]

  • (UK) IPA(key): /ˈʃʊəɹɪtiːʃɪp/, /ˈʃɔːɹətiːʃɪp/

Noun[edit]

suretyship (plural suretyships)

  1. (law) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
    • 1621, Robert Burton, The Anatomy of Melancholy, vol.1, New York Review of Books, 2001, p.290:
      as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […].

See also[edit]