suretyship

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English

Etymology

From surety +‎ -ship.

Pronunciation

  • (UK) IPA(key): /ˈʃʊəɹɪtiːʃɪp/, /ˈʃɔːɹətiːʃɪp/

Noun

suretyship (plural suretyships)

  1. (law) 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.
    • 1624, Democritus Junior [pseudonym; Robert Burton], The Anatomy of Melancholy: , 2nd edition, Oxford, Oxfordshire: John Lichfield and James Short, for Henry Cripps, →OCLC:
      , vol.1, New York Review of Books, 2001, p.290:
      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 .

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