Surety:
noun, plural sur·e·ties.
- security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or bond.
- a person who is legally responsible for the debt, default, or delinquency of another.
- a person who, as a sponsor, godparent, etc., has assumed or accepted responsibility for another’s debts or behavior.
- the state or quality of being sure.
- certainty.
- something that makes sure; ground of confidence or safety.
- assurance, especially self-assurance. [Dictionary.com]
Really? That word is overloaded. Noted in “New York attorney general disputes Trump’s claim that he can’t secure $464 million to post bond,” Graham Kates, CBS News:
[Dennis Fan, a senior assistant solicitor general for the state,] also briefly knocked many of the claims Trump made, noting that they’re not required to find just one underwriter to provide the entire bond, but instead can combine multiple sureties for the full total.
“Defendants’ argument that obtaining a full bond is purportedly impossible is based on the false premise that they must obtain a single bond from a single surety for the entire judgment amount of $464 million,” Fan wrote. “But appealing parties may bond large judgments by dividing the bond amount among multiple sureties, thereby limiting any individual surety’s risk to a smaller sum, such as $100 or $200 million apiece.”
