Surety bond: Difference between revisions
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imported>Doug Williamson (Create the page. Source: MCT Reading 4.3.2 Supply Chain Finance, pp9-10, 1 March 2012.) |
imported>Doug Williamson (Add link.) |
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A trade-related guarantee issued by an insurance company. | A trade-related guarantee issued by an insurance company. | ||
The surety bond is issued by the insurance company in favour of a customer, to protect the customer against any failure of a contractor to perform their contractual obligations. | |||
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* [[Bid bond]] | * [[Bid bond]] | ||
* [[Performance bond]] | * [[Performance bond]] | ||
* [[Performance guarantee]] | |||
* [[Surety]] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:Trade_finance]] | |||
Latest revision as of 19:26, 4 March 2023
US.
A trade-related guarantee issued by an insurance company.
The surety bond is issued by the insurance company in favour of a customer, to protect the customer against any failure of a contractor to perform their contractual obligations.
