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Surety vs Payment - What's the difference?

surety | payment |

As nouns the difference between surety and payment

is that surety is certainty while payment is (uncountable) the act of paying.

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

    payment

    English

    Noun

  • (uncountable) The act of paying.
  • (countable) A sum of money paid in exchange for goods or services.
  • * , chapter=7
  • , title= The Mirror and the Lamp , passage=“[…] This is Mr. Churchill, who, as you are aware, is good enough to come to us for his diaconate, and, as we hope, for much longer; and being a gentleman of independent means, he declines to take any payment .” Saying this Walden rubbed his hands together and smiled contentedly.}}

    Synonyms

    *

    Derived terms

    * down payment * grease payment * lubrication payment * payment in kind