Gratuitous Surety Definition | Becker
Accounting Dictionary
Gratuitous Surety
A surety who is not compensated for his or her promise to the creditor. The consideration for a gratuitous surety's promise is the promise or performance that the creditor makes to the principal debtor. If the creditor does anything to vary a gratuitous surety's risk, then the gratuitous surety's obligation is discharged.