suretyship

noun

sure·​ty·​ship
: the contractual relationship in which a surety engages to answer for the debt or default of a principal to a third party

Dictionary Entries Near suretyship

Cite this Entry

“Suretyship.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/suretyship. Accessed 22 Apr. 2024.

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