suretyship

Meaning

An accessory agreement through which one binds oneself for another already bound, either in whole or in part, as for one's debt, default or miscarriage; the assumption of liability for the obligations of another.

Synonyms

bail

bond

and for paying his debt

Translations

Bürgschaft

cautionnement

fideiussione

caução

Pronounced as (IPA)

/ˈʃʊəɹɪtiːʃɪp/

Etymology

From surety + -ship.