Define Bond, Surety. Bond, Surety synonyms, Bond, Surety pronunciation, Bond, Surety translation, English dictionary definition of Bond, Surety. n. A guarantee issued by a surety agency on behalf of a client, requiring the agency to pay a sum of money to
Popular in Wordplay See All 8 Words with Fascinating Histories 8 Words for Lesser-Known Musical Instruments Birds Say the Darndest Things 10 Words from Taylor Swift Songs (Merriam's Version) 10 Scrabble Words Without Any Vowels Games & Quizzes ...
In most cases a surety is involved, and the bond makes the surety responsible for the consequences of the obligated person's behavior. Some bonds, such as fidelity bonds, function as insurance agreements, in which the surety promises to pay for financial loss caused by the bad behavior of ...
Surety Bond Definition A surety bond is a binding contract between three different parties: The principal (the person needing the bond). The surety (the company writing the bond). The obligee (the entity requiring the bond). It provides a guarantee to the obligee that the principal will con...
Finance.a certificate of ownership of a specified portion of a debt due to be paid by a government or corporation to an individual holder and usually bearing a fixed rate of interest. Insurance. a surety agreement. the money deposited, or the promissory arrangement entered into, under any such...
Surety Bond definition: A guarantee issued by a surety agency on behalf of a client, requiring the agency to pay a sum of money to a third party in the event the client fails to fulfill certain obligations.
Surety BondWhat are Surety Bonds I mean, does any really know what the term surety bond really means (and does anybody really care)? There are a lot of bonds out there – from surety to treasury to other bonds, James Bonds. This is a simple explanation/definition of a surety bond (...
surety (ˈʃʊətɪ; ˈʃʊərɪtɪ) n,pl-ties 1.(Law) a person who assumes legal responsibility for the fulfilment of another's debt or obligation and himself becomes liable if the other defaults 2.(Law) security given against loss or damage or as a guarantee that ...
adhesion-bondsman-bondswoman-bullet-clad-date of maturity-Eurobond-financial security-industrial-issue date-junk bond-nonnegotiable-pair bond-performance bond-public utility-redeemable-ruptured-savings bond-surety-tie-tranche 中文: 黏结-共价键 广告 ...
This is a guide to Surety Bond. Here we also discuss the definition, purpose, working, example, and cost, along with who does protect and buys Surety Bond. You may also have a look at the following articles to learn more – Credit Enhancement ...