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Noun1.surety bond- a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance performance bond bond certificate,bond- a certificate of debt (usually interest-bearing or discounted) that is issued by ...
bond certific... performance b... surety bond noun Synonyms for surety bond nouna bond given to protect the recipient against loss in case the terms of a contract are not filled Synonyms performance bond Related Words bond certificate
the clients and if it is valid, they will make the payout. However if there is no payout to the clients by the surety, a contractor is responsible for repaying the surety the amount of the bond claimed and all the other legal expenses. This makes itdifferent from an insurance company....
American Surety Company is a Property & Casualty firm that specializes in writing bail bonds through independent, licensed bail bond agents. Since its inception in 1993, when it was licensed only in California, American Surety Company has expanded its reach to all 50 states. This growth has been...
Welcome to the Surety Hotel in Downtown Des Moines’ historic financial and insurance district. In banking, a surety bond is a guarantee-a promise that someone has your back so that you can make good on a loan. At Surety Hotel, we make a promise as well: unmatched service, incred...
At Old Republic Surety Company, we pride ourselves on the detail we give every bond application. We are consistent in our approach to helping our agency base and helping their customers succeed and grow. Based on a strong history of stable, consistent and ethical standards, Old Republic Surety...
Qualified Suretymeans any surety which has an Xxxxxx X.Best Company, Inc. rating of “A” or better and a financialsize categoryof not less than “VIII” (or, if Xxxxxx X. Best Company, Inc. no longer uses suchrating system, then the equivalent or most similar ratings under the rating...
Company, Liberty Insurance Corporation, and any other company that is part of or added to the Liberty Mutual Group for which surety business is underwritten by Liberty Bond Services, dated October 30, 1998; (iii) the Indemnity and Security Agreement by and among The Farfield Company (a Debtor...
Surety Bond 1. Afeethat asecurityholdermust pay to the security'sissuer, should the holder lose the physicalcertificate. The holder receives a replacement certificate in exchange for the surety bond. A surety bond helps reducefraud. 2. See:Blanket fidelity bond. ...