'Surety' often relates to money or property held to ensure financial obligations are met. The contract required a surety to safeguard the investment.
Pro Tip 2/3
Legal Relevance
'Surety' is frequently used in legal settings, like courts or contracts. He offered his car as surety for the bail bond.
Pro Tip 3/3
Not a Deposit
Understanding 'surety' as a guarantee, not just a deposit, which may not be returned. The surety secures the completion of the project, not just indicates commitment.