surety

Definitions of "surety"
  1. A confirmation or guarantee provided as a security for the completion of a commitment or obligation
  2. An individual or entity who commits to be financially responsible if another person or entity fails to pay a debt or does not fulfill an obligation
How to use "surety" in a sentence
  1. The contractor was required to provide a surety to ensure the project would be completed on time.
  2. If the borrower defaults on the loan, the surety will be responsible for making the payments.
  3. Since the tenant had poor credit, they needed a surety to sign the lease agreement with them.

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