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A surety is a promise or agreement made by one party that debts and financial obligations will be paid. In finance, a surety / ˈʃʊərɪti /, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower. The meaning of surety is the state of being sure. A surety is a.
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How to use surety in a sentence. Financial creditors may require the debtor to find a surety, who then. The surety & fidelity association of america (sfaa) is a nonprofit, nonpartisan trade association that represents all segments of the surety and fidelity. A surety is a person or entity that assumes direct liability for another’s obligation.
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A surety is a promise or agreement made by one party that debts and financial obligations will be paid.