Crossword clues for surety
surety
Longman Dictionary of Contemporary English
The Collaborative International Dictionary
Surety \Sure"ty\, n.; pl. Sureties. [OE. seurte, OF. se["u]rt['e], F. s[^u]ret['e]. See Sure, Security.]
-
The state of being sure; certainty; security.
Know of a surety, that thy seed shall be a stranger in a land that is not theirs.
--Gen. xv. 13.For the more surety they looked round about.
--Sir P. Sidney. -
That which makes sure; that which confirms; ground of confidence or security.
[We] our happy state Hold, as you yours, while our obedience holds; On other surety none.
--Milton. -
Security against loss or damage; security for payment, or for the performance of some act.
There remains unpaid A hundred thousand more; in surety of the which One part of Aquitaine is bound to us.
--Shak. -
(Law) One who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail.
He that is surety for a stranger shall smart for it.
--Prov. xi. 1 5. Hence, a substitute; a hostage.
--Cowper.-
Evidence; confirmation; warrant. [Obs.]
She called the saints to surety, That she would never put it from her finger, Unless she gave it to yourself.
--Shak.
Surety \Sure"ty\, v. t.
To act as surety for. [Obs.]
--Shak.
Douglas Harper's Etymology Dictionary
c.1300, "a guarantee, promise, pledge, an assurance," from Old French seurté "a promise, pledge, guarantee; assurance, confidence" (12c., Modern French sûreté), from Latin securitatem (nominative securitas) "freedom from care or danger, safety, security," from securus (see secure (adj.)). From late 14c. as "security, safety, stability; state of peace," also "certainty, certitude; confidence." Meaning "one who makes himself responsible for another" is from early 15c. Until 1966, the French national criminal police department was the Sûreté nationale.
Wiktionary
n. 1 certainty 2 That which makes sure; that which confirms; ground of confidence or security. 3 (context legal English) A promise to pay a sum of money in the event that another person fails to fulfill an obligation. 4 A substitute; a hostage. 5 Evidence; confirmation; warrant.
WordNet
n. something clearly established
property that your creditor can claim in case you default on your obligation; "bankers are reluctant to lend without good security" [syn: security]
a prisoner who is held by one party to insure that another party will meet specified terms [syn: hostage]
one who provides a warrant or guarantee to another [syn: guarantor, warrantor, warranter]
a guarantee that an obligation will be met [syn: security]
Wikipedia
In finance, a surety, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. The person or company providing this promise is also known as a "surety" or as a "guarantor".
A surety most typically requires a guarantor when the ability of the primary obligor or principal to perform its obligations to the obligee (counterparty) under a contract is in question, or when there is some public or private interest which requires protection from the consequences of the principal's default or delinquency. In most common-law jurisdictions, a contract of suretyship is subject to the Statute of Frauds (or its equivalent local laws) and is only enforceable if recorded in writing and signed by the surety and by the principal.
In the United States of America, the Miller Act may require a surety bond for contractors on certain federal construction projects; in addition, many states have adopted their own "Little Miller Acts". The surety transaction will typically involve a producer; in the United States the National Association of Surety Bond Producers (NASBP) is a trade association which represents this group.
If the surety is required to pay or perform due to the principal's failure to do so, the law will usually give the surety a right of subrogation, allowing the surety to "step into the shoes of" the principal and use his (the surety's) contractual rights to recover the cost of making payment or performing on the principal's behalf, even in the absence of an express agreement to that effect between the surety and the principal.
Traditionally, a distinction was made between a suretyship arrangement and that of a guaranty. In both cases, the lender gained the ability to collect from another person in the event of a default by the principal. However, the surety's liability was joint and primary with the principal: the creditor could attempt to collect the debt from either party independently of the other. The guarantor's liability was ancillary and derivative: the creditor first had to attempt to collect the debt from the debtor before looking to the guarantor for payment. Many jurisdictions have abolished this distinction, in effect putting all guarantors in the position of the surety.
In the United States, under Article 3 of the Uniform Commercial Code, a person who signs a negotiable instrument as a surety is termed an accommodation party; such a party may be able to assert defenses to the enforcement of an instrument not available to the maker of the instrument.
Usage examples of "surety".
Perhaps there was the faintest echo, but if Stafford was bespelled, it was so well done or the spell so small that he could not sense it with any surety.
For surety, Mammy Venus parted the pecking lot of birds, dragging her feet to erase all signs of her art.
She had weight, and heft, and her surety was like the sharpened edge of a killing blade.
He put up a great deal of money, pledged as surety for his good behavior, and they let him gobut it was a near thing.
It was not likely she would come to harm-not if Beata planned to ransom her back to King Voth of the North-and yet there was no surety of this.
Know, then, that among this people there is great reverence for the growing of hair, and he that is hairiest is honoured most, wherefore are barbers creatures of especial abhorrence, and of a surety flourish not.
Further, just as our faith receives its surety from Scripture, so were the disciples assured of their faith in the Resurrection by Christ appearing to them.
But this morning had found him uprooted from the security of his home, the long-ingrained routines, the surety of his woodshop job and the status accrued in the course of living twenty years within those foreboding walls.
While my papers were being handed round I saw expressed on every face surprise and indignation, but the superintendent replied haughtily that he was at Amiens to administer justice, and that I could not leave the town unless I paid the fine or gave surety.
While the bloodhounds were dawdling along the trail, untangling it slowly, but with the surety of death, these swift hounds would kill enough food for the entire pack.
I know of a surety what this Sword will do, and I wot the oil he distilleth strengtheneth Shagpat but against common blades.
At Naples he had cheated the Chevalier de Morosini by persuading him to become his surety to the extent of six thousand ducats, and now he arrived in Florence in a handsome carriage, bringing his mistress with him, and having two tall lackeys and a valet in his service.
Martinelli translated what I said to the old woman, who told me that if I liked to keep her on as housekeeper I need not have a surety, and that it would only be necessary for me to pay for each week in advance.
I would not stand surety for the most learned of men, and I know nothing about your learning.
Then the two rascally servants said that if I would not be surety in the same manner on their account, they would have Medini arrested.