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What is a Surety Bond – Definition, Types and Reasons to Get Them

What is a Surety Bond – Definition, Types and Reasons to Get Them

by Christiane Broner | May 10, 2023 | Insurance

A surety bond is a legal contract that ensures that one party fulfills its contracted obligations to another party. If one of the parties fails to meet their obligations, the other party is compensated. These bonds are also used to make sure that the government...

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