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Meaning of nonsurety | Babel Free

Noun CEFR B2

Definitions

  1. insecurity
    obsolete, uncountable
  2. A type of bond that does not require an asset as surety up front, but which instead incurs a penalty if one defaults when it is due.
    uncountable

Examples

“released on nonsurety release”
“nonsurety court bond”
“nonsurety bond”

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

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