surety

play
noun sure·ty \ˈshu̇r(-ə)-tē\

Definition of surety

plural

sureties

  1. 1 :  the state of being sure: such asa :  sure knowledge :  certaintyb :  confidence in manner or behavior :  assurance

  2. 2a :  a formal engagement (such as a pledge) given for the fulfillment of an undertaking :  guaranteeb :  a basis of confidence or security

  3. 3 :  one who has become legally liable for the debt, default, or failure in duty of another

suretyship

play \-ˌship\ noun

Examples of surety in a Sentence

  1. As sureties, they will be liable in his place.

  2. gave his surety that he would pay back the loan if his sister was unable to for any reason

Recent Examples of surety from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'surety'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of surety

Middle English seurte, from Anglo-French seurté, from Latin securitat-, securitas security, from securus


First Known Use: 14th century


SURETY Defined for English Language Learners

surety

play
noun

Definition of surety for English Language Learners

  • law : money that you give as a guarantee that you will do what you are legally required to do (such as to appear in court)

  • law : someone who agrees to be legally responsible if another person fails to pay a debt or to perform a duty

  • : the state of being or feeling sure or certain


Law Dictionary

surety

play
noun sure·ty \ˈshu̇r-ə-tē\

Legal Definition of surety

plural

sureties

  1. 1 :  a formal engagement (as a pledge) given for the fulfillment of an undertaking

  2. 2 :  one (as an accommodation party) who promises to answer for the debt or default of another

Additional Notes on surety

At common law a surety is distinguished from a guarantor by being immediately liable as opposed to becoming liable only upon default of the principal. Under the Uniform Commercial Code, however, a surety includes a guarantor, and the two terms are generally interchangeable.

Origin and Etymology of surety

Anglo-French seurté, literally, guarantee, security, from Old French, from Latin securitat- securitas, from securus secure





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