Suretyship

Definition and stakes

John Jamieson,  An Etymological Dictionary of the Scottish Language

“ Su. G. borgen, suretyship. Ihre derives Su. G. and Isl. borg-a, to become surety, from berg-a, a periculo tueri, to protect from danger. The idea is certainly most natural: For what is suretyship, but warranting the safety of any person or thing?
To BORCH, v. a. To give a pledge or security for, to bail.
Wallace.
To BORROW, BORW, v. a.
1. To give security for; applied to property.
Wyntown.
2. To become surety for; applied to a person.
Baron Courts.
Su. G. borg-a, id.
To BORROW one, to urge one to drink, Ang.
When one pledges another in company, he engages to drink after him
”
Source: Gutenberg

Rev. W. Harris,  The Preacher's Complete Homiletic Commentary on the Books of the Bible…

“ It is a part of the eighth commandment, and though men regard it rather as a loss than as a sin to endanger their outward estate, it is both a sin and a temptation. Men who once seemed upright in their dealings have brought reproach upon religion by living and dying in other men’s debt, and by having recourse to unjustifiable methods, suggested by distress, to relieve themselves. The effect of suretyship, even with the most upright men, has often proved hurtful to their souls, embittering their days, and unfitting them for the cheerful service of religion. ”
Source: Gutenberg

Portrait of Hywel ap Cadell Hywel ap Cadell,  Welsh Medieval Law: The Laws of Howell the Good… (1909)

“ If a surety of a person dies, and there remains a son to him, the son is to stand in place of his father in his suretyship. [362] No one is to receive a debtor as surety, for they [i. e. debtor and surety] are two arddelws; and no one should other than choose his arddelw. If he chooses a debtor, there is no surety. If he chooses a surety, there is no debtor ; and therefore no one can stand as surety and as debtor. [363] A lord is to be surety for all chattels acknowledged to be without surety. ”
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature