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surety
(redirected from stood surety)

    Also found in: Dictionary/thesaurus, Legal, Financial 0.03 sec.
surety
1. a person who assumes legal responsibility for the fulfilment of another's debt or obligation and himself becomes liable if the other defaults
2. security given against loss or damage or as a guarantee that an obligation will be met
3. stand surety to act as a surety
surety
A person or organization who, for a consideration, promises in writing to make good the debt or default of another.
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The major controversy concerns the issue of whether she stood surety for a former state governor, Joshua Dariye of Plateau State, when he was arrested by the EFCC.
Anti-corruption crusade tests Yar'Adua's resolve: President Musa ... by Barrett, Lindsay / New African
It owes a rumoured pounds 18 million to the Cooperative Bank and Coventry MP Geoffrey Robinson has lent it pounds 11 million for players and stood surety for pounds 8 million of loans.
Administration-what does it mean? by Coventry Evening Telegraph (England)
Fr Morgan said: "Two parishioners stood surety for pounds 2,500, which shows the confidence we all have in her.
HAPPI XMAS; EXCLUSIVE Refugee Charlie and her baby are back home in ... by Liverpool Echo (Liverpool, England)
 
 
 
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