surety

Meanings

• noun

  A person or entity that guarantees the fulfillment of a debt or obligation by another party.

  - "The bank served as surety for the loan."
  - "John signed a contract making him liable as surety for his friend's debts."

• noun

  A bond or guarantee issued by an insurer to indemnify the obligee against the risk of loss or damage.

  - "The surety bond covered the cost of damages."
  - "The construction company provided a surety bond to secure the contract."

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Rhymes

Words rhyming with surety
curie , furry , jury , quirky , surre , tourney , wury

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Variants

List of all variants of surety that leads to same result
sureties , surety , suretyship , suretyships , surety bond , surety bonds , stand surety

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French 'sûreté', meaning safety or security.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The term 'surety' comes from the Old French word 'sûreté', which means safety or security.

2. In the context of insurance, a surety bond is often referred to as a 'guaranty' or 'indemnity bond'.

3. The term 'surety' can also be used metaphorically to refer to a person or thing that provides reassurance or security in a more general sense.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Bond: A financial instrument that represents a loan made by an investor to a borrower, with the borrower committing to repay the loan and pay interest on it.

2. Insurance: A contract, represented by a policy, in which an individual or entity receives financial protection against losses from an insurance company.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

In literature, 'surety' is often used metaphorically to refer to a person or thing that provides reassurance or security. In art, it can be represented as a symbol of trust or faith.

How to Memorize "surety"

1. visualize
   

   - Visualize a person or entity standing behind another, providing support and security.

2. associate
   

   - Associate the word with the concept of safety, security, or trust.

3. mnemonics
   

   - Use the phrase 'Someone Understanding Risky Transactions Yields Excellent Security' to remember the meaning of 'surety'.

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