subsurety
- An individual or entity acting as a guarantor alongside another guarantor, both of whom could be held financially responsible in case the primary party fails to fulfill their obligations
- In the event of a default, the subsurety can be held accountable for the full loss, similar to the primary surety.
- The role of a subsurety is not taken lightly since the financial implications of the principal's failure rest on their shoulders too.
- Both the surety and the subsurety may face economic consequences if a default happens on the part of the principal.
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