contracts. A person who binds himself for the payment of a sum of money or for the performance of something else, for another, who is already bound for the same. A surety differs from a guarantor, and the latter cannot be sued until after a suit against the principal. 10 Watts, 258. 2. The surety differs from bail in this, that the latter actually has, or is by law presumed to … [Read more...]

To surrender property as a result of a law, for example, the termination of a lease and surrender of the property by the tenant. … [Read more...]

A bond that is issued by a surety who guarantees performance should the obligated party fail to meet its obligations. … [Read more...]

The act by which the public authorities deliver a person accused of a crime, and who is found in their, jurisdiction, to the authorities within whose jurisdiction it is alleged the crime has been committed. Vide Extradition; Fugitives from justice. … [Read more...]

crim. law. A security entered into before. Some competent court or officer, by a party accused, together with some other person, in the form of recognizance to the commonwealth in a certain sum of money, with, a condition that the accused shall keep the peace towards all the citizens of the commonwealth. A security for good behaviour is a similar recognizance with a condition … [Read more...]