The price of surety bonds ranges between 1 and 15 percent of the bonded amount. Therefore a bond worth $10,000 at a 5-percent rate costs the holder $500 annually. According to Lance Surety Bond Associates, Inc., bond applicants usually pay a lump sum for one year's worth of coverage.Know More
Because surety bonds are issued for a number of reasons, the cost of the bond is contingent on the on the bond payer's personal and business credit, industry experience, and personal and business finances. The reason for the bond is considered when determining cost, as well.
Lance Surety defines a surety bond as an agreement between a principal, obligee and surety that safeguards consumers and obligees from the costs related to a principal's misconduct, abuse or fraud. The most frequently secured bond in the United States is related to licensing. These types of bonds must be filed with a business license to make sure a bonded principal complies with the license regulations currently in force.Learn more about Investing
Western Surety Company offers surety bonds as its prime insurance product. The company is based in Canada and, as of 2015, does not conduct any business in the United States.Full Answer >
You can find a bond CUSIP through a service that accesses the CUSIP database. Some examples of companies providing these services online are Fidelity Investments, Standard and Poor’s and Sallie Mae, notes About.com.Full Answer >
To use a U.S. savings bond calculator, enter the information from the face of the bond into the calculator, and click on Calculate. The calculator displays the current value of the bonds, explains TreasuryDirect.Full Answer >
A bond is a debt security that an entity secures from an investor at a fixed interest rate, while a debenture is a debt security that is obtained by a creditworthy reputation rather than through a specific asset. Thus, the main difference between a debenture and a bond is that a debenture has no collateral.Full Answer >