SURETY Meaning and
Definition
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Surety is a term used to describe the state or quality of being sure, certain, or confident about something. It refers to a belief or conviction that something is true, accurate, or reliable. Additionally, surety can denote the act of guaranteeing or securing something against financial loss or failure.
In the context of legal and financial matters, surety is often seen as a form of assurance or promise made by one party (called the surety) to assume responsibility for the obligations or debts of another party (the principal) in case of default or non-performance. The surety in this case acts as a guarantee, usually in the form of a bond or an agreement, that ensures the fulfillment of a contractual obligation or the payment of a debt.
Surety can also be associated with trustworthiness or dependability. For example, a person's surety can be assessed based on their track record, reputation, or proven abilities. It suggests that the person can be counted on or relied upon to perform a task or fulfill a commitment with confidence.
Furthermore, surety can be used to express a sense of inevitability or factual accuracy. If something is done with surety, it means it is done with complete certainty and without any doubt or hesitation.
Overall, surety encompasses the ideas of confidence, certainty, reliability, and the assumption of responsibility for another's debts or obligations.
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Security against loss or damage; certainty; in law, one bound with and for another; a bail.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Etymology of SURETY
The word "surety" originated from the Old French word "seurté" and ultimately from the Latin word "securitas". In Old French, "seurté" referred to "security" or "safety". In Latin, "securitas" was derived from "securus", meaning "free from care" or "without worry". Over time, the meaning of "seurté" in Old French expanded to include the idea of a guarantee or pledge, leading to the development of the term "surety" in English.
Similar spelling words for SURETY
