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surety
(redirected from suretyships)

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 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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They also include reports specific to EU member nations, such as German's laws on family suretyships, Austrian responses to German developments, French and Belgian forms of protection, the fragmented approach of The Netherlands, the prophylactic and procedural approach of England, the caution of the Scots and the boldness of the Irish, searches for protection in Italy and Slovenia and affirmations of it in Portugal, and complications in Nordic countries.
Contingent liabilities Guarantees and suretyships 73 79 Other contingent liabilities 20 27 ---------------------------------------------------------------------- SAPPI LIMITED Regional Information Unaudited Quarter ended US$ million December December % change 2001 2000 ---------------------------------------------------------------------- Sales - Metric tons (000's) Fine Paper - North America 218 328 (33.
Contingent liabilities Guarantees and suretyships 79 80 Other contingent liabilities 27 46 ------------------------------------------------------------------ SAPPI LIMITED Regional Information Unaudited Quarter ended Sept.
 
 
 
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