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Surety

usgb/ˈʃʊrəti/Volume
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LampPro Tip 1/3
Financial ContextPlay
'Surety' often relates to money or property held to ensure financial obligations are met. SlideThe contract required a surety to safeguard the investment.
LampPro Tip 2/3
Legal RelevancePlay
'Surety' is frequently used in legal settings, like courts or contracts. SlideHe offered his car as surety for the bail bond.
LampPro Tip 3/3
Not a DepositPlay
Understanding 'surety' as a guarantee, not just a deposit, which may not be returned. SlideThe surety secures the completion of the project, not just indicates commitment.