NOUN
- 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
How To Use surety bond In A Sentence
- Insurance protects you against assorted material and personal losses; surety bonding promises performance on contracts.
- The system electronically assigns a unique, tamper-proof authorization code to individual surety bonds.
- Including bid guarantee, contractor surety bond guarantee, contractor payment guarantee, payment guarantee , cash warranty guarantee, etc.
