Definition of "suretyship" []

• An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another. (noun)

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• "Be it by suretyship, shipwreck, fire, spoil and pillage of soldiers, or what loss soever, it boots not, it will work the like effect, the same desolation in provinces and cities, as well as private persons."
• "[4046] Give not ear to tale-tellers, babblers, be not scurrilous in conversation: [4047] jest without bitterness: give no man cause of offence: set thine house in order: [4048] take heed of suretyship."
• "Chief of these was the use by banks of universal (unlimited) suretyship agreements."