what is difference between guarantor and surety
- (UK) IPA(key): /ˈɡæɹəntə(ɹ)/, /ˈɡæɹəntɔː(ɹ)/
guarantor (plural guarantors)
- A person or company that provides a guarantee.
From Middle English surete, attested since the early 1300s in the sense “guarantee, promise, pledge, assurance”, from Anglo-Norman seurté/Old French seurté with the same meaning (whence modern French sûreté), from Latin sēcūritās. Equivalent to sure + -ty. The senses “security, safety, stability” and “certainy” are attested since the late 1300s. “One who undertakes to pay if another does not” is from the early 1400s. Doublet of security.
- (Received Pronunciation) IPA(key): /ˈʃʊəɹɪti/, /ˈʃɔːɹɪti/
- (General American) IPA(key): /ˈʃʊɹəti/, /ˈʃʊəɹəti/
surety (countable and uncountable, plural sureties)
- Know of a surety, that thy seed shall be a stranger in a land that is not theirs.
- For the more surety they looked round about.
- That which makes sure; that which confirms; ground of confidence or security.
- (law) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
- (law) One who undertakes to pay money or perform other acts in the event that his principal fails therein.
- A substitute; a hostage.
- Evidence; confirmation; warrant.
- Steury, tuyers