surety - Meaning in Gujarati
surety - Meaning in Gujarati
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Definitions and Meaning of surety in English
surety noun
- something clearly established
- a guarantee that an obligation will be met
Synonyms
security
જામીનગીરી, ...Subscribe
- one who provides a warrant or guarantee to another
Synonyms
guarantor, guarantor, warranter, warrantor
- a prisoner who is held by one party to insure that another party will meet specified terms
Synonyms
hostage
- property that your creditor can claim in case you default on your obligation
Synonyms
security
Example
- "bankers are reluctant to lend without good security"
Description
In finance, a surety, surety bond, or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party a certain amount if a second party fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. The person or company providing the promise is also known as a "surety" or as a "guarantor".
Also see "Surety" on WikipediaWhat is surety meaning in Gujarati?
The word or phrase surety refers to something clearly established, or a guarantee that an obligation will be met, or one who provides a warrant or guarantee to another, or a prisoner who is held by one party to insure that another party will meet specified terms, or property that your creditor can claim in case you default on your obligation. See surety meaning in Gujarati, surety definition, translation and meaning of surety in Gujarati. Find surety similar words, surety synonyms. Learn and practice the pronunciation of surety. Find the answer of what is the meaning of surety in Gujarati.
Other languages: surety meaning in Hindi
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What is surety meaning in Gujarati, surety translation in Gujarati, surety definition, pronunciations and examples of surety in Gujarati.
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