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A Surety Is A Promise Or Agreement Made By One Party That Debts And Financial Obligations Will Be Paid.
How to use surety in a sentence. A surety is a person or entity that assumes direct liability for another’s obligation. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower. Financial creditors may require the debtor to find a surety, who then.
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The meaning of surety is the state of being sure.