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What is a suretyship?

What is a suretyship? Here are some definitions.

Noun
  1. (law) An accessory agreement through which a person binds themselves for another already bound, either in whole or in part, as for their debt, default or miscarriage; the assumption of liability for the obligations of another.
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Examples
And when I was wived, having something to stick to, I had the horn of suretyship ever before my eyes.
Legal historians identify suretyship with situations that are quite outside the modern connotations of the term.
This concept of security raises a harmonization issue with the Quebec civil law concept of suretyship.
For instance, suretyship does not restrict immediately the right of ownership of a surety over his property.
But even then there was for her no suretyship of motherhood, or training, or control.
This clause of the statute is discussed more at length in the chapter on suretyship.

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