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Suretyship

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
sur·e·ty  (shr-t)
n. pl. sur·e·ties
1. The condition of being sure, especially of oneself; self-assurance.
2. Something beyond doubt; a certainty.
3. A pledge or formal promise made to secure against loss, damage, or default; a security.
4. One who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.

[Middle English surte, from Old French, from Latin scrits, from scrus, sure; see secure.]

sure·ty·ship n.


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There was that suretyship for poor Riley, who had died suddenly last April, and left his friend saddled with a debt of two hundred and fifty pounds,--a fact which had helped to make Mr.
 
 
 
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