Suretyship
/ˈʃʊəɹɪtiːʃɪp/ noun
noun ·Rare ·Advanced level
Definitions
Noun
- 1 An accessory agreement through which one binds oneself for another already bound, either in whole or in part, as for one's debt, default or miscarriage; the assumption of liability for the obligations of another.
"as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […]."
Synonyms
All synonymsExample
More examples"as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […]."
Etymology
From surety + -ship.