Meaning of “surety” in the English Dictionary

"surety" in British English

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suretynoun [ C or U ]

uk /ˈʃɔː.rə.ti/ us /ˈʃʊr.ə.t̬i/ specialized

a person who accepts legal responsibility for another person's debt or behaviour, or money given as a promise that someone will do something that they have promised to do, such as pay a debt or appear in court:

Her brothers are acting as sureties for her.
No one has yet been found who is willing to stand (= act as a) surety for Mr Naylor.
What are you able to provide as a surety that you will repay the loan?

(Definition of “surety” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"surety" in Business English

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suretynoun [ C or U ]

uk /ˈʃɔːrəti/ us /ˈʃʊrətIi/ plural sureties LAW

a person who accepts legal responsibility for another person's debt or behaviour:

act as surety for sb/sth He acted as surety for the two companies when they took out the original loan.

a promise, or money or property given as a promise, that someone will do something that they have said they will do, such as pay a debt or appear in court:

Analysts doubt whether Ford would have been able to raise such a large amount of debt without some kind of surety.
A local shopkeeper and a relative had been prepared to put up a surety of $20,000, the court heard.

(Definition of “surety” from the Cambridge Business English Dictionary © Cambridge University Press)