How to Pronounce Sureties?

Correct pronunciation for the word "Sureties" is [ʃˈʊ͡əɹətˌiz], [ʃˈʊ‍əɹətˌiz], [ʃ_ˈʊə_ɹ_ə_t_ˌi_z].

"Sureties" in context

A surety is an individual or business entity that agrees to be responsible for the performance of an obligation, usually related to a financial obligation, of another party. The surety typically makes a financial guarantee, usually backed by a financial institution such as a bank, to the other party that it will honor the obligations of the party for which it is providing surety. The effect of a surety is that it provides an assurance to the other party that the financial obligation will be met.

In most cases, suretyships involve three parties, the obligee, the primary obligor, and the surety.

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