surety company
A company authorized to engage in the business of entering into guaranty and suretyship con-tracts and acting as a surety on bonds, esp. bail, fidelity, and judicial bonds. — Also termed guaranty company. [Cases: Bail 60; Principal and Surety 52. C.J.S. Bail; Release and Detention Pending Proceedings§§ 3, 101; Principal and Surety §§ 292, 295.]