English

Noun

suretyship ‎(plural suretyships)

1. (law) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
   • 1621, Robert Burton, The Anatomy of Melancholy, vol.1, New York Review of Books, 2001, p.290:

     as a man desperately swimming drowns him that comes to help him, by suretyship and borrowing they will willingly undo all their associates and allies […].

See also

• guaranty

Translations