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Cosuretyship
Translation cosuretyship into russian
cosuretyship
Noun
cosuretyship
cosuretyships pl
The cosuretyship agreement was signed by all parties involved.
Соглашение о сосолидарности было подписано всеми участвующими сторонами.
Definitions
cosuretyship
Noun
The state or condition of being a cosurety, where two or more parties jointly assume the responsibility of guaranteeing the performance or obligations of a third party.
In the event of default, the cosuretyship agreement required both parties to equally share the financial burden.