Evidence; confirmation; warrant.
One who voluntarily binds himself to be obligated for the debt or obligation of another. A common example is the co-maker of a note. Surety differs from guarantor, although the terms are commonly (and mistakenly) used interchangeably.
Can be used in the sense of either: the term for a person who provides personal guarantees for someone else, or a forfeitable cash sum, in the event of the non-appearance at court of a defendant.
A refundable deposit or bond collected to ensure work is completed in a manner consistent with County Standards and Codified Ordinances
In bonds, this means the company which provides the bond is guaranteeing the behavior of the principal.
One who guarantees the performance by another, a guarantor. Back to the Top
An arrangement whereby one party becomes answerable to a third party for the acts of a second party. Customarily an insurance company, the party in a suretyship arrangement who holds himself responsible to one person for the acts of another.
A person who puts up a sum of money to guarantee that either themselves or another person will appear in court when next required. If the person does not appear, the money is forfeited• Bail
A party who agrees to answer for the debt of another
pledge, guaranty or bond, usually to back the performance of an individual or company. see also collateral surety.
the guarantor in a contract, agreement, or instrument that acts in ensuring or warranting the performance of another party named in the contract.
A person or entity that guarantees to an owner completion of a construction contractor’s performance.
Insurance guaranteeing the performance of contracts, other than insurance policies, or guaranteeing and executing all bonds, undertakings, and contracts of surety ship. One party becomes responsible to a third party for the act or negligence of the second party.
property that your creditor can claim in case you default on your obligation; "bankers are reluctant to lend without good security"
a prisoner who is held by one party to insure that another party will meet specified terms
one who provides a warrant or guarantee to another
a guarantee that an obligation will be met
an individual or business that guarantees to pay the full amount if the defendant fails to appear or comply with the conditions
an insurer of the debt, whereas a guarantor is an insurer of the solvency of the debtor
a person who gives an undertaking to provide security to the Court to ensure that the person charged appears at Court
a person who guarantees that the defendant will attend her or his Court hearing
a person who guarantees to the Court that the accused person will appear on bail
a third party who will watch over and supervise the accused while they are bound by the bail order
A company, usually an insurance company, which issues a surety bond. The surety company agrees to fulfill the obligation of the bonded party, according to the terms of the surety bond.
One who stands as a guarantor for an obligation; as in payment or performance bond. T-Z
The party ( often the insurance company ) which agrees to be responsible for loss which may result if the principal does not keep his or her promise.
An individual or a company that, at the request of another usually called the principal, agrees to be responsible for the performance of some act in favor of a third person in the event that the principal fails to perform as agreed. angible Property: Property which can be touched or realized with the senses; can be real or personal property.
One who is legally liable for the debt, default, or failure to carry out a duty of another.
a person who guarantees that a defendant will attend court;
1. The guarantee give for the fulfillment of an obligation. 2. The person or organization guaranteeing the fulfillment of an obligation. 3. The underwriter who guarantees something under a bond.
Person or entity that has been requested by another (principal) and agrees to be responsible for the performance of some act if the principal fails to perform as promised.
Person or organization guaranteeing the actions of another.
One who makes himself responsible for the defendant’s obligation to appear in court and agrees to pay money or do other acts in the event that the defendant does not appear.
The surety is usually an insurance company and is the party in the Surety Bond contract who guarantees the faith of another party. The surety likewise is collaterally liable for payment of money on behalf of or performance by that party.
A guarantor, who is responsible for another's repayment of debt.
A person who on his own or for a corporation posts bond, agreeing to guarantee the appearance and/or good behavior of the defendant while he or she is released on bail. If the defendant violates any condition or fails to appear, the surety may lose the amount (or thing) he or she posted. A surety may be a friend or relative of the defendant or a bail bondsman.
insurance) A bond, guaranty, or other security that protects a person, corporation, or other legal entity in cases of another's default, improper performance, malfeasance of office, and others.
in criminal proceedings, a person who with or without being required to post a sum of money or security, guarantees that an accused person who has been granted bail will appear for his or her trial and/or next scheduled court appearance;
The pledge or agreement by which one undertakes responsibility for the debt or obligation of another.
A guarantee that some promise or undertaking will be fulfilled or completed. Also a person or organization making such a guarantee.
A guarantor of a duty or obligation assumed by another.
One who gives another an undertaking to answer for any debt or default of a third party in respect of a dealing between the second and third parties.
A person who makes himself liable for another person's debts or obligations should the first default.
An individual or corporation, usually an insurance company, that guarantees the performance or faith of another. This term is also used to mean surety bond, which is a bond that backs the performance of the person bonded, such as a contractor, or pays an employer if a bonded employee commits theft.
The surety guarantees the obligation will be performed.
A person who binds him or herself to be answerable for another. If there is default the surety will be called in (or must be paid).
One who at the request of another, and for the purpose of securing to him a benefit, voluntarily binds himself to be obligated for the debt or obligation of another. Although the term includes guarantor and the terms are commonly, though mistakenly, used interchangeably, surety differs from guarantor in a variety of respects.
A bond, guaranty, or other security that protects a person, corporation, or other legal entity in cases of anothers default in the payment of a given obligation, improper performance of a given contract, malfeasance of office, and others.
A person who promises to be answerable for the debt, default or miscarriage of another, the "principal."
One who guarantees the performance of another, A guarantor.
One who undertakes to pay more or do any other act in the event that his principal fails therein; one bound with his principal for the payment of a sum of money, or performance of some duty or promise, who is entitled to be indemnified by someone who ought to have paid or performed, if payment or performance be enforced against him.
A surety is someone who takes responsibility for someone else's debts or promises, and guarantees that they will be paid or undertaken.
A Party that binds itself with another, called the principal, for the performance of an obligation.
The person who promises to pay money in the event the principal (i.e., the person conditioned to perform) fails in the performance of certain duties or acts. EXAMPLE: A is arrested and his bond is $10,000. B signs the bond, guaranteeing A's appearance in court. If A fails to appear, then B, as surety, must forfeit $10,000 (B has recourse to seek recovery from A).
A person or institution which guarantees the acts of another.
A person or company that guaranties to pay specified amounts in the event that its principal is unable to perform certain acts as agreed.
The corporation, partnership, or individual, other than the Contractor, executing a bond furnished by the Contractor.
One who assumes obligation and is primarily liable for another's payment of debts or performance of duty.
a guarantee, in the form of a bond, cash, government obligation, or other collateral such as land, to ensure the legal performance of an importer with regard to Customs.
One who formally contracts to be responsible for the obligations of another person.
The corporation, partnership, or individual, other than the Contractor, executing the Contract Bond.
a guarantee or a person who assumes the responsibility for another such as one who promises to pay someone else's debts if he defaults
Another name for guarantor.
A person's undertaking to be liable for another's default or non-attendance at Court
American bonds, guarantees and obligations such as performance sureties, completion bonds etc. Français: Garantie Español: Surety
Person who makes themself responsible for another's payment of debt; also knows as the guarantor.
A person who agrees to be liable for the debt or contractual obligations of another. (Also see Bond)
The person who has pledged him or herself to pay back money or perform a certain action if the principal to a contract fails, as collateral, and as part of the original contract. Technically, where a person provides collateral after or before the original contract is signed, and as a separate contract, the person is called a " guarantor" and not a "surety."
One who guarantees the performance of another, such as agreeing to pay the debts of another if that person does not.
A bond or other security that protects a person, corporation, or other legal entity in case of another's default in the payment of a given obligation, improper performance of a given contract, malfeasance of office, etc. The one who undertakes to be the surety is primarily liable in case of the default.
A person who gives a certain amount of money to the court on behalf of an accused. If the accused does not obey the bail conditions or fails to attend court, the surety loses the money.
A guarantor who supports his guarantee by depositing some form of security.
One who guarantees the performance of another; the guarantor.
A person or entity that guarantees the acts of another.
A guarantee that a person normally called the principal will perform according to a statute or a contract. Surety offers protection to a third party normally called an obligee.
a person or corporation collaterally bound for the payment of money or the performance of an act or duty by another.
A surety is a person who agrees to be responsible for the debt or obligation of another. Additionally, the situation in which a surety is most typically required is when the ability of the primary obligor or principal to perform its obligations 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 memorialized by a writing signed by the surety.
Surety in Canadian law is applied to a person approved by the bail judge to supervise and be responsible for a person charged with an offense under the Criminal Code of Canada. A surety is an obligation under the law, and sureties may be asked to inform the court on events that violate bail conditions. A person arrested and charged with a criminal code violation must appear before a judge within seventy-two hours for a bail hearing, unless the person, their attorney, and the court mutually agree to delay the proceeding.