Surety bond: Difference between revisions
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imported>Doug Williamson (Source: The Treasurer, June 2013, Will Spinney, page 62, 'Trade aids'.) |
imported>Doug Williamson (Align with The Treasurer, June 2013, page 62.) |
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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 | 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. | ||
Revision as of 16:11, 21 March 2015
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.
