subsurety
Definition
Additional surety with a lesser liability than the principal surety, and usually contingent on the non-performance of the principal and/or other earlier surety.
email to a friend
print this definition
cite this definition
link to this page
subsurety is in the Agreements & Contracts, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
subsurety appears in these other term: subsuretyship
This content can be found on the following page:
http://www.businessdictionary.com/definition/subsurety.html