Cosurety

/kəʊˈʃʊə.rə.ti/

/koʊˈʃʊr.ɪ.ti/

Translation of "cosurety" into Russian

Noun

/kəʊˈʃʊə.rə.ti/

/koʊˈʃʊr.ɪ.ti/

cosurety

cosureties pl

сосолидарный поручитель

The cosurety was responsible for half of the debt.

Сосолидарный поручитель был ответственен за половину долга.

Additional translations

Noun

/kəʊˈʃʊə.rə.ti/

/koʊˈʃʊr.ɪ.ti/

A person who shares responsibility with another for the fulfillment of an obligation, typically in the context of a financial loan or bond.

As a cosurety, she was equally liable for the repayment of the loan if the primary borrower defaulted.

Adjective

/kəʊˈʃʊə.rə.ti/

/koʊˈʃʊr.ɪ.ti/

Relating to or designating a situation in which two or more sureties are jointly liable for the same obligation.

The parties entered into a cosurety agreement to secure the debt.