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Surety

Ballentine's Law Dictionary · James A. Ballentine · 1916

Ballentine's Law Dictionary

One who, at the request of another and for the purpose of securing him a benefit, becomes responsible for the performance by the latter of some act in favor of a third person, or hypothecates property as security therefor.

See 112 Cal. 31, 53 Am. St. Rep. 155, 44 Pac. 305.