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Từ vựng:

CO-SURETY

Giải nghĩa:

/koʊ-ˈʃʊrəti/ – noun


Definition: người đồng bảo lãnh.

A more thorough explanation: A co-surety is a person who, along with one or more other individuals, agrees to be jointly responsible for the same debt or obligation, typically by providing a guarantee or surety bond.

Example: In the event of default by the borrower, each co-surety is jointly and severally liable for the full amount of the loan.

 

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