surety


Babylon EnglishDownload this dictionary
surety
n. certainty, assurance; something that is certain; guarantor; pledge, guarantee; guarantor, one who gives a guaranty or security, warrantor, person who provides a guarantee to another

English Wikipedia - The Free EncyclopediaDownload this dictionary
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. The person or company providing this promise is also known as a "surety" or as a "guarantor".

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WordNet 2.0Download this dictionary
surety

Noun
1. something clearly established
(hypernym) certainty, sure thing, foregone conclusion
2. property that your creditor can claim in case you default on your obligation; "bankers are reluctant to lend without good security"
(synonym) security
(hypernym) transferred property, transferred possession
(hyponym) deposit
3. a prisoner who is held by one party to insure that another party will meet specified terms
(synonym) hostage
(hypernym) prisoner, captive
4. one who provides a warrant or guarantee to another
(synonym) guarantor, warrantor, warranter
(hypernym) patron, sponsor, supporter
5. a guarantee that an obligation will be met
(synonym) security
(hypernym) guarantee, warrant, warrantee, warranty


Webster's Revised Unabridged Dictionary (1913)Download this dictionary
Surety
(v. t.)
To act as surety for.
  
 
(n.)
The state of being sure; certainty; security.
  
 
(n.)
That which makes sure; that which confirms; ground of confidence or security.
  
 
(n.)
Security against loss or damage; security for payment, or for the performance of some act.
  
 
(n.)
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.
  
 
(n.)
Hence, a substitute; a hostage.
  
 
(n.)
Evidence; confirmation; warrant.
  

Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter. About
Campbell R. Harvey's Hypertextual Finance GlossaryDownload this dictionary
Surety
An individual or corporation that guarantees the performance or actions of another.