Countersurety

/ˌkaʊntəˈʃʊərəti/

/ˌkaʊntərˈʊrəti/

Translation of "countersurety" into Russian

Noun

/ˌkaʊntəˈʃʊərəti/

/ˌkaʊntərˈʊrəti/

countersurety

countersureties pl

The bank required a countersurety before approving the loan.

Банк потребовал контргарантию перед одобрением кредита.

Noun

/ˌkaʊntəˈʃʊərəti/

/ˌkaʊntərˈʊrəti/

A person or entity that provides a guarantee or assurance to a surety, ensuring that the obligations of the principal will be fulfilled.

The bank required a countersurety to back the loan agreement, providing additional security for the transaction.

The guarantee or security furnished by a countersurety.

The court held that the countersurety was sufficient to protect the original surety from loss.

Adjective

/ˌkaʊntəˈʃʊərəti/

/ˌkaʊntərˈʊrəti/

Relating to or serving as a countersurety; providing additional security to a surety.

The parties entered into a countersurety agreement outlining each cosurety's obligations.