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Home > QFINANCE Dictionary > Definition of surety

Definition of

surety

  • 1.

    guarantor somebody who promises to cover another person's obligations

  • 2.

    guarantee for loan the collateral given as security when a person, business, or organization takes out a loan

surety - Related Articles
  • The Emergence and Development of Islamic Banking

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    services, fund placements, and trust services.KafalahA pledge given to a creditor that the debtor will pay the debt, fine, or liability. A third party stands surety for the payment of the debt if unpaid by the person originally liable.Mudarabah (Trustee finance contract)The Rabb-ul-mal (owner of the capital
    By Umar Oseni, M. Kabir Hassan

  • The Origins and Current State of the Buyout Market for Pension Funds

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    Any company interested in pursuing a buyout solution will want to talk first of all to a consultancy, such as Watson Wyatt or Mercer and will want to get a range of quotations from insurance providers. It is then a matter of weighing up the advantages of “escaping” from the continuing obligations associated with running an in-house Final Salary Scheme, versus the cost of a buyout and the surety being offered to members.
    By Steven Haasz

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Definitions of ’surety’ and meaning of ’surety’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’surety’ and other financial terms with our online QFINANCE Financial Dictionary.

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