Surety vs Equity - What's the difference?
surety | equity |
certainty
* Bible, Genesis xv. 13
* Sir Philip Sidney
That which makes sure; that which confirms; ground of confidence or security.
* Milton
(legal) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
* Shakespeare
* Bible, Proverbs xi. 15
A substitute; a hostage.
Evidence; confirmation; warrant.
* Shakespeare
value of some business.
* {{quote-magazine, date=2013-06-22, volume=407, issue=8841, page=70, magazine=(The Economist)
, title= (legal) A legal that deals with remedies other than (l) relief, such as injunctions, divorces and similar actions.
* Macaulay
(legal) of property minus liens or other (l).
(legal) An equitable claim; an equity of redemption.
* Kent
(accounting) Ownership interest in a company as determined by subtracting liabilities from (l).
Justice, impartiality or fairness.
* Tillotson
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)- Know of a surety , that thy seed shall be a stranger in a land that is not theirs.
- For the more surety they looked round about.
- [We] our happy state / Hold, as you yours, while our obedience holds; / On other surety none.
- 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.
- He that is surety for a stranger shall smart for it.
- (Cowper)
- 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 * indorsementequity
English
(wikipedia equity)Alternative forms
* (archaic)Noun
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.}}
- Equity had been gradually shaping itself into a refined science which no human faculties could master without long and intense application.
- an equity''' to a settlement, or wife's '''equity , etc.
- I consider the wife's equity to be too well settled to be shaken.
- Christianity secures both the private interests of men and the public peace, enforcing all justice and equity .