Definition of "subsuretyship"
  1. A situation that involves two or more guarantors having a shared responsibility for a duty where one bears the entire obligation toward the other
How to use "subsuretyship" in a sentence
  1. The bank entered into a subsuretyship arrangement to share liability for the loan.
  2. In the event of a default, the obligations in the subsuretyship agreement come into effect.
  3. The company sought to reduce its risk exposure by agreeing to a subsuretyship.

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