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Related to surety bond:performance bond n. 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. American Heritage® Dictionary of the English Language, Fifth ...
Though in some jurisdictions, the terms supersedeas bond and appeal bond are used interchangeably, other jurisdictions distinguish between the terms. Generally, a supersedeas or appeal bond enables the losing party in a civil litigation…Read Moreabout Supersedeas and Appeal Bonds Supersedeas and Appe...
Experts in arranging and managingsurety bondand guarantee facilities. Start your journey with us today. Connect with an expert Specialist advice & solutions for building contractors and many other industries Surety bonds are a popular alternative to bank guarantees. Utilising the insurance sector enables...
A bond is not a typical insurance policy. While the surety backs the performance of the principal and will pay the penalties resulting from non-performance or under-performance, they do seek to reclaim the funds from the principal. A bond helps make the deal happen. Obligees can enter into...
Surety Bond Costs Surety Bonds vs. Insurance CONTACT US Get a Quote Reach Out Get a Fidelity Bond AICPA SOC Better Business Bureau: National Notary Association page Copyright © 2024 NNA Surety Bonds Privacy Policy Agent for all bonds isNNA Insurance Services, LLC. (CA License #0668915, AL...