51³Ō¹Ļ

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suretyship

[ shoor-i-tee-ship, shoor-tee-, shur-i-tee-, shur-tee- ]

noun

Law.
  1. the relationship between the surety, the principal debtor, and the creditor.


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51³Ō¹Ļ History and Origins

Origin of suretyship1

First recorded in 1525ā€“35; surety + -ship
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Example Sentences

Examples have not been reviewed.

Pity the unhappy, said a devout, venerable, hoary-headed man, meekly holding up a box, begirt with iron, in his withered handsā€”ā€”IĀ beg for the unfortunateā€”good my Lady, ā€™tis for a prisonā€”for an hospitalā€”ā€™tis for an old manā€”aĀ poor man undone by shipwreck, by suretyship, by fireā€”ā€”IĀ call God and all his angels to witnessā€”ā€”ā€™tis to clothe the nakedā€”ā€”to feed the hungryā€”ā€”ā€™tis to comfort the sick and the broken-hearted.

From

Frankā€²ness; Frankā€²-pledge, a system of mutual suretyship by which the members of a tithing were made responsible for one another; Frankā€²-tenā€²ement, freehold.

From

A revocation of the contract of suretyship by act of the parties, or in certain cases by the death of the surety, may also operate to discharge the surety.

From

The most prolific ground of discharge, however, is usually traceable to causes originating in the creditorā€™s laches or conduct, the governing principle being that if the creditor violates any rights which the surety possessed when he entered into the suretyship, even though the damage be nominal only, the guarantee cannot be enforced.

From

But when Dan reached his new home Ewan was awayā€”a poor old Quaker named Christian, who had brought himself to beggary by neglecting Solomon's injunction against suretyship, was dying, and had sent for the parson.

From

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