| What is the meaning of surety bond? |
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| Temat dodano 2022-04-11 23:41:17 |
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A surety bond is a legally binding contract entered into by three parties — the principal, the obligee, and the surety. The obligee, usually a government entity, requires the principal, typically a business owner or contractor, to obtain a surety bond as a guarantee against future work performance.
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