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.
Q&A Related to "What Is a Corporate Surety Bond"
Surety bonds are a form of insurance involving three parties: the obligee, the principal and the surety. The surety puts up a bond as a guarantee to the obligee that the principal
A surety bond or surety is a promise to pay one party a certain amount if a second party fails to meet some obligation, such as fulling the terms of a contract which is the main purpose
A surety bond is a three party agreement between the state, you, and the surety bond agency that works as a guarentee. I'm not sure what business you are going into but a popular
Deal exclusively in corporate bonds of major public companies, pref. those
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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
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