surety

A surety is a fact that no one questions. Surety, in a legal sense, is the security you can provide when you apply for a loan.

When you're sure of something, you're positive it's true. Such things are sureties, because they inspire such confidence. Also, there's a legal type of surety. If you take out a loan, a house you own could be a surety: it could be claimed by your creditors if you don't repay the loan. That type of surety provides security (or insecurity, if you fail to pay back the loan).

Definitions of surety
1

n something clearly established

Type of:
certainty, foregone conclusion, sure thing
something that is certain

n a guarantee that an obligation will be met

Synonyms:
security
Type of:
guarantee, warrant, warrantee, warranty
a written assurance that some product or service will be provided or will meet certain specifications

n property that your creditor can claim in case you default on your obligation

Synonyms:
security
Types:
show 8 types...
hide 8 types...
deposit
money given as security for an article acquired for temporary use
earnest
something of value given by one person to another to bind a contract
recognisance, recognizance
(law) a security entered into before a court with a condition to perform some act required by law; on failure to perform that act a sum is forfeited
stock warrant, stock-purchase warrant, warrant
a type of security issued by a corporation (usually together with a bond or preferred stock) that gives the holder the right to purchase a certain amount of common stock at a stated price
arles, earnest money
money given by a buyer to a seller to bind a contract
bail, bail bond, bond
(criminal law) money that must be forfeited by the bondsman if an accused person fails to appear in court for trial
perpetual warrant
a warrant with no expiration date
subscription warrant
a warrant that expires on a stipulated date
Type of:
transferred possession, transferred property
a possession whose ownership changes or lapses

n one who provides a warrant or guarantee to another

Synonyms:
guarantor, warranter, warrantor
Type of:
patron, sponsor, supporter
someone who supports or champions something

n a prisoner who is held by one party to insure that another party will meet specified terms

Synonyms:
hostage
Type of:
captive, prisoner
a person who is confined; especially a prisoner of war

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