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surety |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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