surety
/ˈʃʊərəti/
Definition
A formal guarantee or financial instrument that acts as security for the fulfillment of an obligation, such as the cleanup of decommissioning liabilities.
Etymology
Derived from the Middle English 'surete,' which comes from the Old French 'seurtee,' ultimately tracing back to the Latin 'securitas,' meaning 'freedom from care' or 'certainty.'
In the news
In this article, the term refers to a financial product called WellSecure™, which provides energy companies with a way to meet their legal decommissioning obligations without needing to tie up capital in traditional collateral.
EnerCom Announces Liberty Energy as a Keynote Speaker at the 31st Annual EnerCom Denver- The Energy Investment Conference, August 17-19, 2026, in Denver, Colorado
Read the full article ↗Investing News Network