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Surety vs Equity - What's the difference?

surety | equity |

In legal|lang=en terms the difference between surety and equity

is that surety is (legal) a promise to pay a sum of money in the event that another person fails to fulfill an obligation while equity is (legal) an equitable claim; an equity of redemption.

As nouns the difference between surety and equity

is that surety is certainty while equity is value of some business.

surety

English

Noun

(wikipedia surety)
  • certainty
  • * Bible, Genesis xv. 13
  • Know of a surety , that thy seed shall be a stranger in a land that is not theirs.
  • * Sir Philip Sidney
  • For the more surety they looked round about.
  • That which makes sure; that which confirms; ground of confidence or security.
  • * Milton
  • [We] our happy state / Hold, as you yours, while our obedience holds; / On other surety none.
  • (legal) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
  • * Shakespeare
  • There remains unpaid / A hundred thousand more; in surety of the which / One part of Aquitaine is bound to us.
  • (legal) One who undertakes to pay money or perform other acts in the event that his principal fails therein.
  • * Bible, Proverbs xi. 15
  • He that is surety for a stranger shall smart for it.
  • A substitute; a hostage.
  • (Cowper)
  • Evidence; confirmation; warrant.
  • * Shakespeare
  • She called the saints to surety , / That she would never put it from her finger, / Unless she gave it to yourself.

    See also

    * surcharge * surcharged * indorsement

    equity

    English

    (wikipedia equity)

    Alternative forms

    * (archaic)

    Noun

  • value of some business.
  • * {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=70, magazine=(The Economist)
  • , title= Engineers of a different kind , passage=Private-equity nabobs bristle at being dubbed mere financiers. Piling debt onto companies’ balance-sheets is only a small part of what leveraged buy-outs are about, they insist. Improving the workings of the businesses they take over is just as core to their calling, if not more so. Much of their pleading is public-relations bluster.}}
  • (legal) A legal that deals with remedies other than (l) relief, such as injunctions, divorces and similar actions.
  • * Macaulay
  • Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application.
  • (legal) of property minus liens or other (l).
  • (legal) An equitable claim; an equity of redemption.
  • an equity''' to a settlement, or wife's '''equity , etc.
  • * Kent
  • I consider the wife's equity to be too well settled to be shaken.
  • (accounting) Ownership interest in a company as determined by subtracting liabilities from (l).
  • Justice, impartiality or fairness.
  • * Tillotson
  • Christianity secures both the private interests of men and the public peace, enforcing all justice and equity .

    References

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