What is a Surety Company?


One comment

chris10martin April 26, 2022, 08:38 AM
A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet the terms of their obligation. The surety bond protects the obligee against losses resulting from the principal's failure to abide by their contract.
https://www.nielsonbonds.com/what-is-a-surety-company-infographic/
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