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suretyship noun

  /ˈʃɔːɹətiːʃɪp/ , /ˈʃʊəɹɪtiːʃɪp/
  • (legal) An accessory agreement through which one binds oneself for another already bound, either in whole or in part, as for one's debt, default or miscarriage; the assumption of liability for the obligations of another.
 Bürgschaft
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