An obligation or duty upon an individual to incur the losses of another.
The right of an injured party to shift the loss onto the party responsible for the loss.
Security from damage, loss, or penalty.
A principle of insurance which provides that when a loss occurs, the insured should be restored to the approximate financial condition occupied before the loss occurred, no better, no worse.
Repayment; compensation for loss or injury.
A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
One who undertakes to pay money or perform other acts in the event that his principal fails therein.
A substitute; a hostage.
Evidence; confirmation; warrant.
Certainty.
That which makes sure; that which confirms; ground of confidence or security.