What Is a Corporate Surety Bond?


A corporate surety bond is a big business that has a third party guarantee of a contracted party, stating that it will live up to the terms of the contract. A surety bond is not an insurance bond but a guarantee where the surety guarantees the principal in the bond that the obligation stated in the bond will be performed.
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What is a Corporate Surety Bond?
Corporate surety bonds are big business, generating $3.5 billion every year. In general terms, this is the business of having a third party guarantee that a contracted party will live up to the terms of the contract or pay a penalty. There are a wide... More »
Difficulty: Easy
Source: www.ehow.com
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