Suretyship

In the entire absence of commerce the law laid down no rules on the subject of suretyship; but it is evident that in the time of Solomon commercial dealings had become so multiplied that suretyship in the commercial sense was common. (Proverbs 6:1; 11:15; 17:18; 20:16; 22:26; 27:13) But in older times the notion of one man becoming a surety for a service to be discharged by another was in full force. See (Genesis 44:32) The surety of course became liable for his client’s debts in case of his failure.

Part of speech: noun (n.)

The state of being surety; the obligation of a person to answer for the debt, default, or miscarriage of another. Bouvier.