Definition of "cosurety"
  1. A role typically fulfilled by one of two or more individuals or parties who take on the responsibility of fulfilling the same commitment or duty
How to use "cosurety" in a sentence
  1. When the loan was approved, both individuals agreed to be cosureties for the borrowed amount.
  2. As a cosurety, he shares the obligation to repay the debt if the primary borrower fails to do so.
  3. Cosurety arrangements are quite common in large financial transactions to distribute risk among various parties.

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