suretyship

noun

The state of being surety; the obligation of a person to answer for the debt, fault, or conduct of another.

noun

The state of being surety; the obligation of a person to answer for the debt, default, or miscarriage of another.

noun

An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.