Examlex
There is no evidence of a pecking order for people.
Surety
is a guarantee, usually in the form of a bond, where one party guarantees the debts or obligations of another party to a third party.
Surety
A financial guarantee by one party (the surety) to assume responsibility for the debt obligation of a borrower if that borrower defaults.
Principal Debtor
The primary individual or entity responsible for fulfilling the obligations of a debt or loan agreement.
Surety
A financial arrangement where a third party (surety) agrees to assume responsibility for the debt or obligation of another party if that party fails to meet their obligations.
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