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surety

noun

sure·​ty ˈshu̇r(-ə)-tē How to pronounce surety (audio)
ˈshər-
plural sureties
1
: the state of being sure: such as
a
: sure knowledge : certainty
b
: confidence in manner or behavior : assurance
2
a
: a formal engagement (such as a pledge) given for the fulfillment of an undertaking : guarantee
b
: a basis of confidence or security
3
: one who has become legally liable for the debt, default, or failure in duty of another
suretyship noun

Example Sentences

As sureties, they will be liable in his place. gave his surety that he would pay back the loan if his sister was unable to for any reason
Recent Examples on the Web He was arraigned Wednesday in Suffolk Superior Court, where his bail was set at $5 million surety or $500,000 cash, court records show. Grace Gilson, BostonGlobe.com, 31 Aug. 2022 Professional surety companies, which were responsible for over 80% of financial releases in 2019, now make up only 45% of releases, according to data reported by the Sentencing Commission. Kelan Lyons, Hartford Courant, 7 Aug. 2022 The approval its product has received has come amid a dollar crisis in global financial markets, which has prompted Indian exporters to opt for letters of credit (LC) for minimal risk and surety of payment. Mimansa Verma, Quartz, 26 July 2022 Claims would be processed by the bond or surety provider, not FMC. Bailey Schulz, USA TODAY, 11 Feb. 2022 Nance's total bond is now $425,000 cash or corporate surety. Tracy Neal, Arkansas Online, 12 July 2022 Bienvenu was held on a $100,000 surety or cash bond and was scheduled to appear in Norwich Superior Court on Monday. Mike Mavredakis, Hartford Courant, 27 June 2022 The judge set Schurr's bond at $100,000 cash surety, with conditions. ABC News, 10 June 2022 The era resists surety: During that time in Europe—and these references are almost always made to Europe—the majority of people, including virtually all peasants, were illiterate. Amanda Mull, The Atlantic, 6 May 2022 See More

Word History

Etymology

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

First Known Use

14th century, in the meaning defined at sense 1

Time Traveler
The first known use of surety was in the 14th century

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