countersecurity
A commitment to guarantee the security (property or bonding in securing a loan) of someone who has become security for another.
Noun
- A commitment to guarantee the security (property or bonding in securing a loan) of someone who has become security for another.
- This is an appeal from an order of the Orphans' Court of Frederick County requiring the appellant, the surviving executor of John Sifford, deceased, to give countersecurity. - 1885, Maryland. Court of Appeals, Alexander...
- Sir John's executors, under colour of some countersecurities given to Sir John and some assignments of judgments, unjustly compelled Sir Arthur to pay 1,600l. and upwards for debts from which Sir John had discharged...
Origin
From counter- + security.