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 Posted: Sat Jul 08, 2006 11:27 am Post subject: Surety Bond |
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Surety Bond
A contract between three-parties like the surety company, a second party, the owner, and creditor or “obligee,” for a third party's debts, default or nonperformance. Many contractors may often be required to purchase surety bonds while working on public projects.
Last edited by lakemen on Fri Apr 03, 2009 8:41 am |
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lakemen
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| Posted: Mon Jan 21, 2008 3:10 pm Post subject: |
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Is there anything specifically you are asking about surety bonding or are you simply copy pasting the definition?
Link removed - Evan |
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bondpro
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| Posted: Thu Jan 24, 2008 1:37 am Post subject: Surety Bond - Bailbonds |
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| Just saw your thread on Surety Bonds. Often times Insurance company will are the underwriters for Bail Bond Companies. Also as your post indicates Surety Bonds are often times required by a counties or town before a particular event can take place. Such as a concert, carnival, county fair, ect. |
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mega
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| Posted: Thu Jan 24, 2008 8:05 pm Post subject: |
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It is true sometimes a municipality will require a bond to be in place for an event. We often see them for wrestling or boxing events. However, a bail surety bond is a completely different guarantee. Agents that write bail typcially do not write construction/commercial bonds.
Do you have any specific questions? |
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bondpro
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