1
as in contracts
a formal agreement to fulfill an obligation
gave his surety that he would pay back the loan if his sister was unable to for any reason
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2
as in sponsors
a person who takes the responsibility for some other person or thing
a mutual friend agreed to act as surety if I lent my cousin some money, since I wasn't certain that she'd be able to pay it back
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Merriam-Webster unabridged
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