Surety
WordNet

noun


(1)   Something clearly established
(2)   A guarantee that an obligation will be met
(3)   One who provides a warrant or guarantee to another
(4)   A prisoner who is held by one party to insure that another party will meet specified terms
(5)   Property that your creditor can claim in case you default on your obligation
"Bankers are reluctant to lend without good security"
WiktionaryText

Noun


  1. certainty
  2. a promise to pay a sum of money in the event that another person fails to fulfill an obligation
  3. One who undertakes to pay money or perform other acts in the event that his principal fails therein.
 
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