suretyship in the PONS Dictionary

suretyship Examples from the PONS Dictionary (editorially verified)

contract of suretyship
declaration of suretyship
deed of suretyship
exclusion of suretyship
undertaking of suretyship

Monolingual examples (not verified by PONS Editors)

English
Among many changes introduced by the new code, the following are likely to have the most significant impact on banks, the most common group of lenders in a suretyship relationship.
www.internationallawoffice.com
Related words are "sponsalia", the ceremony of betrothal; "sponsa", fiance; and "sponsus", both the second-declension noun meaning a husband-to-be and the fourth declension abstract meaning suretyship.
en.wikipedia.org
Unless there is a court order for the couple's separation, the surety's spouse must consent to the suretyship by the time of the contract, at the latest.
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This will also cause significant changes to standard suretyship documents, as penalty payments frequently appear within the scope of the surety's obligations.
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In common law, a surety is discharged if the principal obligation is extinguished due to the accessory nature of the suretyship.
www.mondaq.com
However, the most important change is the prerequisites set forth for lenders in a several suretyship situation.
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In addition, the surety is now required to gain approval for the suretyship from his or her spouse.
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Traditionally, a distinction was made between a suretyship arrangement and that of a guaranty.
en.wikipedia.org
Although not always feasible nor even practical, one useful tool in such situations is to have someone else signing personal suretyship agreements.
www.mondaq.com
Sometimes it's not clear from the wording of a guarantee whether it amounts to an on-demand or a suretyship guarantee.
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