What is the meaning of surety bond?

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.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). surety bond. Retrieved September 21, 2026, from http://smartdefine.org/surety_bond/definitions/1314212
ChicagoWordNet. 2010. "surety bond" http://smartdefine.org/surety_bond/definitions/1314212 (accessed September 21, 2026).
HarvardWordNet 2010, surety bond, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/surety_bond/definitions/1314212>.
MLAWordNet. "surety bond" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/surety_bond/definitions/1314212>
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