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suretyship

[shoo r-i-tee-ship, shoo r-tee-, shur-i-tee-, shur-tee-] /ˈʃʊər ɪ tiˌʃɪp, ˈʃʊər ti-, ˈʃɜr ɪ ti-, ˈʃɜr ti-/
noun, Law.
1.
the relationship between the surety, the principal debtor, and the creditor.
Origin
1525-1535
1525-35; surety + -ship
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for suretyship
  • It is not intended to cover claims involving workers' compensation, fidelity, suretyship or boiler and machinery insurance.
  • One must consult the law of suretyship to determine whether an obligation is secondary.
  • Thus there is less need for cautionary or evidentiary formality than in other cases of suretyship.
  • Labor relations, employment law, all aspects of the law involving the construction industry and suretyship law.
  • Using this approach, the court found that a suretyship existed.

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