surety

  1. Noun.  certainty.
  2. Noun.  (legal) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
  3. Noun.  (legal) One who undertakes to pay money or perform other acts in the event that his principal fails therein.

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This entry was last updated on RefTopia from its source on 3/20/2012.