surety bond

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surety bond

n.
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.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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 nonperformance
bond 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
References in periodicals archive ?
A Delhi court granted bail to him on Tuesday, dismissing the NIA's claims that he was involved in stone-pelting and subversive activities in occupied Kashmir and granted him bail on two surety bonds of Rs 50,000 each.
ISLAMABAD:An anti-terrorism court (ATC) in Rawalpindi on Saturday seized former president General (r) Pervez Musharraf's surety bonds and started proceedings against the surety givers asthe accused failed to show up in court in the Benazir Bhutto murder case.
South Coast Surety is a proven direct source for all surety bonds and has earned from many of its highly rated and admitted surety company partners the trust to underwrite and approve most submitted business with the largest in-house underwriting authority in the nation.
ICU), a Managing General Underwriter (MGU) specializing in surety bonds based in New Jersey.
The outstanding results of the surety industry over the last 10 years are beginning to make some buyers question the value of surety bonds.
Our surety bonds practice note explains what OPG expects from a bond provider, so that its surety bonds are suitable for deputies.
EZ Surety Bonds provides instant surety bonds for customers in all 50 states.
Surety bonds are increasingly becoming an essential asset for businesses and professionals who are seeking to land contracts for public and private projects.
RAWALPINDI -- Model Ayan Ali Monday was advised by Customs judge Rana Aftab Ahmed Khan to submit surety bonds in line with the court orders to get back her passport.
RAWALPINDI -- The customs court on Tuesday returned the passport of supermodel Ayyan Ali after she submitted bail papers and surety bonds of Rs2 million.
International Resource News-November 7, 2014--Dominion Diamond offers surety bonds to government of the Northwest Territories for Ekati mine site
Schubert uses Ballenger's demise as an illustration of the importance of surety bonds.