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LSDefine

Simple English definitions for legal terms

accommodation surety

Read a random definition: apprenticius ad legem

A quick definition of accommodation surety:

An accommodation surety is a person who agrees to pay someone else's debt or fulfill their obligation if they cannot. This is different from a guarantor, who is only responsible if the debtor fails to meet their duties. A surety is directly liable and often receives no compensation for assuming this responsibility. It's important to note that a surety and a guarantor are not the same thing, even though the terms are sometimes used interchangeably.

A more thorough explanation:

An accommodation surety is a person who agrees to be primarily responsible for the payment of someone else's debt or the performance of someone else's obligation. This means that if the debtor fails to meet their duties, the surety will be directly liable for the debt or obligation.

For example, if a friend asks you to co-sign a loan for them, you become an accommodation surety. If your friend fails to make payments on the loan, the lender can come after you for the money.

It's important to note that an accommodation surety is different from a guarantor. A guarantor is only liable to the creditor if the debtor fails to meet their duties. A surety, on the other hand, is directly liable.

Overall, an accommodation surety is someone who takes on a significant financial risk to help someone else. It's important to carefully consider the potential consequences before agreeing to be a surety for someone else.

accommodation party | accommodatum

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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