Surety Bond Stocks List

Surety Bond

A surety bond is a type of insurance that provides a guarantee that a business or individual will fulfill an obligation or contract. It is a three-party agreement between the obligee (the party who is requiring the bond), the principal (the business or individual who is purchasing the bond) and the surety (the insurance company that issues the bond). The surety agrees to pay the obligee a certain amount of money if the principal fails to fulfill the obligation or contract.

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