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Translate files Surety
/ˈʃʊər.ɪ.ti/
Meaning & Definition
noun
The state of being sure or certain; confidence.
She spoke with surety about her decision to move.
A guarantee; a formal assurance, especially in legal contexts.
The bank required a surety for the loan to ensure repayment.
A person who takes responsibility for another, especially in a legal agreement.
He became the surety for his friend's bail.
An amount of money that is pledged as security for the performance of a contract.
They paid a surety deposit before beginning the construction project.
Etymology
Middle English, from Old French 'surté' or Latin 'securitas' meaning security, assurance.
Common Phrases and Expressions
surety bond:
A bond that guarantees the performance of an obligation.
with surety:
With confidence or certainty.
take surety:
To guarantee the performance of another.