Understanding the meaning of surety

surety

/'ʃʊrɪti/

noun
a guarantee that an obligation will be met
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Similar:

security

type of:
guarantee warranty warrantee warrant
noun
one who provides a warrant or guarantee to another
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Similar:

guarantor warranter warrantor

type of:
patron sponsor supporter
noun
property that your creditor can claim in case you default on your obligation
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Similar:

security

type of:
transferred property transferred possession
noun
a prisoner who is held by one party to insure that another party will meet specified terms
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Similar:

hostage

type of:
captive prisoner
noun
something clearly established
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type of:
sure thing foregone conclusion certainty

Explanation of surety

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