What Is a Corporate Surety Bond?

Answer

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.
Q&A Related to "What Is a Corporate Surety Bond"
Identification. A surety bond should be looked at as a contract among three separate parties. There is the principal, or person who will perform a set act. There is the obligee, or
http://www.ehow.com/about_4702059_what-corporate-s...
Answer a form of 'insurance' acquired by a contractor (usually required by an owner or entity engaging the services of a contractor) whereby, if the contractor defaults (i.e. is unable
http://wiki.answers.com/Q/What+is+a+surety+bond+ja...
A surety bond is a bond given to protect the recipient against loss in case the terms of a
http://www.chacha.com/question/what-is-a-%22surety...
Program instituted by the Small Business Administration (SBA) that guarantees a construction contract bond in the event the issuing surety company suffers a loss. This is an effort
http://www.answers.com/topic/surety-bond-guarantee...
1 Additional Answer
Ask.com Answer for: what is a corporate surety bond
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
Similar Questions
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2015 Ask.com