Bürgschaft

guarantee; surety

noun BUERG-shaft Rare

Also means

suretyship

Usage Note

Bürgschaft is a personal guarantee — a third party (Bürge) promises to repay a debt if the main borrower defaults. Common when young adults rent apartments or get loans. Eine Bürgschaft übernehmen (to give a guarantee). Governed by §765 BGB.

Examples

"Seine Eltern übernahmen die Bürgschaft für seinen ersten Mietvertrag."

Natural Translation

His parents stood surety for his first rental contract.

Literal Translation

His parents took-over the guarantee for his first rental-contract.

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