Surety
(noun)
- The state of being certain or confident about something.
- A person or thing that guarantees the fulfillment of an obligation or the performance of a contract.
- A guarantee or pledge, especially one provided by a third party for the performance of another.
Origin:
Derived from the old french word "surete" which means "security" or "assurance" it has been used in english since the 14th century.
Examples:
- He gave his word as surety for the loan.
- The surety of the contract is a bank guarantee.
- The surety bond is a guarantee of performance on the contract.
- She gave her surety that the project would be completed on time.
- The surety of his promise gave her peace of mind.