surety for payment

surety for payment
Aval

First banking dictionary. . 2014.

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  • surety — sure·ty / shu̇r ə tē/ n pl ties [Anglo French seurté, literally, guarantee, security, from Old French, from Latin securitat securitas, from securus secure] 1: a formal engagement (as a pledge) given for the fulfillment of an undertaking 2: one… …   Law dictionary

  • Surety — Sure ty, n.; pl. {Sureties}. [OE. seurte, OF. se[ u]rt[ e], F. s[^u]ret[ e]. See {Sure}, {Security}.] 1. The state of being sure; certainty; security. [1913 Webster] Know of a surety, that thy seed shall be a stranger in a land that is not theirs …   The Collaborative International Dictionary of English

  • surety — One who at the request of another, and for the purpose of securing to him a benefit, becomes responsible for the performance by the latter of some act in favor of a third person, or hypothecates property as security therefor. One who undertakes… …   Black's law dictionary

  • surety — ► NOUN (pl. sureties) 1) a person who takes responsibility for another s performance of an undertaking, e.g. the payment of a debt. 2) money given as a guarantee that someone will do something. 3) the state of being sure …   English terms dictionary

  • To look for — Look Look (l[oo^]k), v. i. [imp. & p. p. {Looked}; p. pr. & vb. n. {Looking}.] [OE. loken, AS. l[=o]cian; akin to G. lugen, OHG. luog[=e]n.] 1. To direct the eyes for the purpose of seeing something; to direct the eyes toward an object; to… …   The Collaborative International Dictionary of English

  • Surety bond — A surety bond is a contract among at least three parties: * The principal the primary party who will be performing a contractual obligation * The obligee the party who is the recipient of the obligation, and * The surety who ensures that the… …   Wikipedia

  • Surety — A surety is a person who agrees to be responsible for the debt or obligation of another. Furthermore, a surety is also a security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or… …   Wikipedia

  • surety — [ ʃʊərɪti, ʃʊəti] noun (plural sureties) 1》 a person who takes responsibility for another s undertaking, e.g. the payment of a debt. 2》 money given as a guarantee that someone will do something. 3》 the state of being sure. Phrases of (or for) a… …   English new terms dictionary

  • surety — n. (pl. ies) 1 a person who takes responsibility for another s performance of an undertaking, e.g. to appear in court, or payment of a debt. 2 archaic a certainty. Phrases and idioms: of (or for) a surety archaic certainly. stand surety become a… …   Useful english dictionary

  • surety — /shoor i tee, shoor tee, sherr i tee, sherr tee/, n., pl. sureties. 1. security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or bond. 2. a person who has made himself or herself… …   Universalium

  • surety — sur•e•ty [[t]ˈʃʊər ɪ ti, ˈʃʊər ti, ˈʃɜr [/t]] n. pl. ties 1) bus security against loss or damage or for the payment of a debt or fulfillment of an obligation; a pledge, guaranty, or bond 2) a person who has made himself or herself responsible for …   From formal English to slang

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