Counter-security

[COUNTER- 5.] Security given in return or exchange; security given to any one to cover his risk in becoming surety.

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1647. N. Bacon, Disc. Govt. Eng., I. lvii. (1739), 104. Too much countersecurity from the King to the people, is like so many Covenants in Marriage, that make room for jealousy.

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1700. in Picton, L’pool Munic. Rec. (1883), I. 304. A summe … for w^ch y^t Corporacion shall give countersecurity to y^e persons who are bound for y^e sume.

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1706. Phillips (ed. Kersey), Counter-security, security given to a Party, that has enter’d into Bonds, or other Obligations for another.

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