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Suretiship vs Suretyship - What's the difference?

suretiship | suretyship |

As nouns the difference between suretiship and suretyship

is that suretiship is alternative form of suretyship while suretyship is 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.

suretiship

English

Noun

(en noun)
  • * Bible, Proverbs xi. 15
    • He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure.

    suretyship

    English

    Noun

    (en noun)
  • (legal) 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.
  • *, 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