Surety Insurance

Surety Insurance,

What is Surety Insurance?

Definition of Surety Insurance: The insurer (guarantor) promises to bear any loss due to breach of guarantee. See also link.

Literal Meanings of Surety Insurance

Surety:

Meanings of Surety:
  1. The person responsible for other ways of doing business, such as appearing in court or paying off debts.

Sentences of Surety
  1. To date, we have not seen landlords practice requiring tenants or leaseholders to provide certain information about meeting rental requirements.

Synonyms of Surety

guarantor, sponsor

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.

  2. Something to protect against possible emergencies.

Synonyms of Insurance

surety, indemnification, provision, safeguard, defence, indemnity, financial protection, preventive measure, cover, precaution, immunity, shelter, safety measure, security, protection