- surety liability
- surety liability BANK Bürgenhaftung f
Englisch-Deutsch Fachwörterbuch der Wirtschaft . 2013.
surety liability
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surety bond — ➔ bond * * * surety bond UK US noun [C] ► LAW a legal agreement in which someone promises to pay a person or organization a sum of money if another person does not do something they had promised to do: »Contractors are not required to post a… … Financial and business terms
surety — [shoor′ə tē, shoor′tē] n. pl. sureties [ME seurte < OFr < L securitas < securus, sure, SECURE] 1. the state of being sure; sureness; assurance 2. something sure; certainty 3. something that makes sure or gives assurance, as against loss … English World dictionary
Surety — A surety is a person who agrees to be responsible for the debt or obligation of another. Furthermore, a surety is also a security against loss or damage or for the fulfillment of an obligation, the payment of a debt, etc.; a pledge, guaranty, or… … Wikipedia
surety — One who at the request of another, and for the purpose of securing to 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. One who undertakes… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability created by statute — A liability created by a statute which discloses an intention, express or implied, that from disregard of the statutory command, a liability for damages will arise which would not exist but for the statute. Schmidt v Merchants Despatch Transp. Co … Ballentine's law dictionary
surety bond — noun a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance • Syn: ↑performance bond • Hypernyms: ↑bond, ↑bond certificate * * * noun : a written… … Useful english dictionary
surety — A person who engages under a contract of suretyship to answer for the debt, default, or miscarriage of another. 50 Am J1st Suret §§ 2, 3. For some purposes, inclusive of a guarantor. UCC § 1 201(40). As applied to persons, the word has an… … Ballentine's law dictionary
absolute liability — Liability for an injury resulting to another where no account is taken of the standard of care exercised, often called insurer s liability. 38 Am J1st Negl § 4. Criminal liability of which intent not an element. 21 Am J2d Crinn L § 91. Liability… … Ballentine's law dictionary
Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… … Wikipedia
