A bond issued by an entity on behalf of a second party, guaranteeing that the...
A bond purchased by the decedent's estate to insure the executor's proper performance. Also referred to as "fidelity bond."
Written evidence of a third party, called the surety, that will be primarily liable for a debt in the case of default.
A bond guaranteeing the faithful performance of a contract, or the faithful performance of a duty or trust.
A contractual agreement under which an insurance company agrees to reimburse investors for any losses on the collateral underlying an asset-backed security.
A bond issued by a company guaranteeing the performance or action of someone such as a contractor or builder. Surety bonds involve three parties: (1) the principal, the individual or company on whose behalf the surety bond is issued; (2) the obligee, the owner or person assured of performance; and (3) the surety, the company issuing the surety bond.
Bond issued by an insurance company
a bond which the surety agrees to answer to the obligee for the non-performance of the principal (also known as the obligor).
A bond purchased at the expense of the estate to insure the executor's proper performance. Also referred to as "fidelity bond."
A bond purchased at the expense of the estate to insure the executor's proper performance. Often called a fidelity bond.
See Default Bond/Guarantee.
A three-way agreement between a surety company, a contractor and the project owner. If the contractor fails to comply with the contract, the surety assumes responsibility and ensures that the project is completed.
A written promise to pay damages or to indemnify against losses caused by the party or parties named in the document, through nonperformance or through embezzlement defalcation. Surety bonds also include fidelity bonds covering governmental officials and employees. Refer to FIDELITY 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 nonperformance
a bond guaranteeing performance of a contract or an obligation
a bond guaranteeing the payment of a debt
a bond posted by a bondsperson
a contractual agreement between the accused, a Bail Bondsman and
a contract with an insurance underwriter, which ensures
a financial guarantee, much like an insurance policy, that ensures that all financial and regulatory obligations due to the Unites States government have been or will be met
a financial tool that has been used for centuries to demonstrate professional competence and guarantee business promises - a legal guarantee that tells a shopper she will not suffer a financial loss
a form of financial security posted with a licensed insurance company and payable to the Alberta Provincial Treasurer
a guarantee by a third party (usually an insurance or bonding company) that a Guardian will properly account for all money and property owned by the minor and that the Guardian will discharge his/her Guardian duties as required by law
a guarantee that company 'A' will comply with its obligations under the contract that they signed with company 'B'
an extension of credit in the form of a guarantee that provides protection to the party requiring the bond (the Obligee), but provides no insurance to the Principal
an indemnity agreement in a sum certain payable to the division, executed by the operator as principal and which is supported by the performance guarantee of a corporation authorized to do business as a surety in Utah
an insurance policy posted by a bondsman
an insurance policy that guarantees that the
an insurance product whereby the surety/insurance company (the
a promise by one party to be liable for the debt, default,
a promise made by an approved bondsman that the defendant will appear as required
a promise or guarantee of payment to U
a protective measure for the OBLIGEE
a risk transfer mechanism where the surety company assures the project owner (obligee) that the contractor (principal) will perform a contract in accordance with the contract documents
a specialized, three-party contract by which the surety company guarantees the owner that the contractor, who is the principal on the bond, will perform a particular contract
a special type of insurance where the surety company guarantees to one party (known as the obligee) that another party (known as the principal) will fulfill a contract or obligation
a specific type of bond which involves three different parties
a straightforward three-way agreement with a surety company guaranteeing that an individual or company (the bond principal) will do exactly what it commits to its customer (the obligee)
a three party agreement between a principal (bond holder), a surety (underwriter), and an obligee (entity requiring the bond)
a three-party agreement between a surety company, an obligee and a principal
a three-party agreement between the principal, obligee, and surety
a three-party agreement between the surety (bonding) company, the principal (contractor) and the obligee (project owner)
a three-party agreement by which the surety binds itself to discharge the contracted obligations of a principal to an obligee in the event that the principal fails to fulfill such obligations
a three party contract the Principal (you) the Obligee (to whom the bond is in favor of) and the surety
a three party guarantee
a three-party instrument between a surety (insurance company), the licensee, and the Department
a three-party instrument between a surety on a guaranteed bid bond, payment bond, performance bond or any bond that is
a three-way agreement between the surety company,
a three-way agreement with a surety company that guarantees that a person or company will do what it has committed to its customer
a three-way contract between the principal, the surety, and the United States/State of Utah
a tri party agreement among a principal (the contractor)
a type of insurance policy and is backed by the financial assets of an insurance company
a written agreement
a written contract guaranteeing performance of an obligation by another and should be interpreted according to the standards that govern the construction of contracts in general
a written guarantee by a bonding company, ensuring the appearance of a defendant for all future court dates
a written instrument in which two parties, the Principal and the Surety, become obligated to a third party, the Obligee, for the completion of an obligation or for the payment of a sum of money if the obligation is not fulfilled
A guarantee by a surety company that the bond buyer will fulfill a certain obligation he or she has made to a third party. Unlike other forms of insurance, the entity protected by the bond is a third party, not the buyer; the surety bond buyer is the one doing the work that is guaranteed.
Insurance bond from a company allowing financial reimbursement in the case of a lost or stolen security. Also known as Indemnity Bond.
A bond guaranteeing that a principal will carry out the obligation for which he is bonded. A surety bond is most often issued to a contractor, a person seeking a license or permit, or someone involved in a court case.
Guarantees a principal party will fulfill an obligation to an obligee.
A contract under which a ~ guarantees the fulfillment of some promise or obligation on which another party has defaulted. Note: surety bonds are not the same as insurance policies, as a Surety will often insist on collateral and will seek recourse against the party whose obligation the surety has had to fulfill, but many insurance companies also issue such bonds.
a surety bond must be posted with the Customs Service to cover potential penalties, duties, or taxes before imported merchandise can be entered into the United States.
An insurance policy taken out by the defendant with a national insurance company in which the company agrees to pay to the county the amount of bail required for the defendant's release should the defendant fail to make court appearances.
An agreement providing for monetary compensation in the event of a failure to perform specified acts within a stated period. The surety company, for example, becomes responsible for fulfillment of a contract if the contractor defaults. [MORE
An instrument that provides security against a default in payment. Surety bonds are sometimes used in lieu of a cash deposit in a debt service reserve fund. See: CREDIT ENHANCEMENT.
An agreement providing for monetary compensation should there be a failure to perform specified acts within a stated period.
A contract by which one party agrees to make good the default or debt of another. A financial guarantee issued by a surety company to a party to pay for the non-performance of another for specified act(s) within a stated period of time.
A type of delivery bond in which a surety company guarantees INS that it will secure the alien's appearance on demand or pay INS the face value of the bond.
A bond issued by one party, the surety, guaranteeing that he or she will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should principal fail to perform.
A binding agreement between a bonding company and a taxpayer guaranteeing that the bonding company will be liable to the Comptroller for any debt, default or failure to pay taxes incurred by the taxpayer.
An agreement by an insurance or bonding company to be responsible for certain possible defaults, debts or obligations contracted for by an insured party; in essence, a policy insuring one's personal and/or financial integrity. In the real estate business a surety bond is generally used to ensure that a particular project will be completed at a certain date or that a contract will be performed as stated.
A bond or guarantee usually given by a bonding company to answer for the debt, default or miscarriage of another. The surety (Company) binds itself to pay if the obligor shall default in his obligation.
A written guarantee by a third party that an Executor, Administrator, Trustee, Conservator or Guardian will perform their duties as required by law. A surety bond is written by a bond company.
A bond which ensures against harm to a party (usually the lender or owner) by a lien still attached to the property. This is usually used when the original deed was lost or the beneficiary cannot be located.
An insurance policy taken out by a defendant to ensure bail required for the defendant's release should he or she fail to make court appearances.
Obligation of a guarantor to pay a second party upon default by a third party in the performance it owes to the second party.
A contract guaranteeing the performance of a specific obligation. Simply put, it is a three-party agreement under which one party, the surety company, answers to a second party, the owner, creditor or “obligee,” for a third party's debts, default or nonperformance. Contractors are often required to purchase surety bonds if they are working on public projects. The surety company becomes responsible for carrying out the work or paying for the loss up to the bond “penalty” if the contractor fails to perform.
A bond insuring against loss or damage or for the completion of obligations.
A bond guaranteeing that a principal will carry out the obligation for which they are bonded for. Most often this is issued to a contractor.
a contract in which one party (the SURETY) agrees to be responsible to another party (the OBLIGEE) for the obligation or performance of a third party (the PRINCIPAL).