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Phrases with «surety bond»

A surety bond is a type of agreement where one party promises to pay a certain amount of money to another party if a specified event or condition occurs. It is like an insurance policy that ensures that the second party will be compensated if the first party fails to meet their obligations. Full definition

Sentences with «surety bond»

  • Drivers can deposit $ 55,000 in securities or cash with their county comptroller, file surety bonds with their county clerk or deposit $ 55,000 in cashier's checks or cash with their county judge. (autoinsurancequotes.com)
  • The OSDBU BEP partners with the Surety and Fidelity Association of America to help small businesses develop and obtain surety bonds to become more competitive on federal transportation projects. (transportation.gov)
  • Lastly, RLI's Surety business segment provides surety bonds for businesses and individuals, for contractors and individual construction contracts, and for the energy, petrochemical and refining industries. (harvestingdividends.com)
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