„Surety“

A bond or other security that protects a person, corporation, or other legal entity in case of another’s default in the payment of a given obligation, improper performance of a given contract, malfeasance of office, etc. The one who undertakes to be the surety is primarily liable in case of the default.

“Principles of Corporate Finance” by Richard A. Brealey, Stewart C. Myers, Franklin Allen. McGraw-Hill Education, 11th Edition, 2014.