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The New International Encyclopædia/Principal and Surety

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Edition of 1905. See also Principal (commercial law) on Wikipedia; and the disclaimer.

2118559The New International Encyclopædia — Principal and Surety

PRINCIPAL AND SURETY. A phrase descriptive of two persons who are indebted to a third, but whose relations are such as to make it the duty of the principal to discharge the debt and save the surety harmless therefrom. See Guaranty; Suretyship; and the authorities there cited.