| 释义 |
surety bond
surety bondn. A guarantee issued by a surety agency on behalf of a client, requiring the agency to pay a sum of money to a third party in the event the client fails to fulfill certain obligations.Thesaurus| Noun | 1. | surety bond - a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformanceperformance bondbond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal |
surety bond
surety bondA legal instrument under which one party agrees to answer to another party for the debt, default, or failure to perform of a third party.surety bond
Surety Bond1. A fee that a security holder must pay to the security's issuer, should the holder lose the physical certificate. The holder receives a replacement certificate in exchange for the surety bond. A surety bond helps reduce fraud.
2. See: Blanket fidelity bond.surety bond An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced.surety bondSee fidelity bond. surety bond
Related to surety bond: performance bondSynonyms for surety bondnoun a bond given to protect the recipient against loss in case the terms of a contract are not filledSynonymsRelated Words |