Surety bond
A three-way agreement between a surety company, a contractor and the project owner. If the contractor fails to comply with the contract, the surety assumes responsibility and ensures that the project is completed.
Surety
Definition:
An individual or corporation that guarantees the performance or actions of another. ...
Surety bonds may be used in an incredibly wide range of circumstances. They are basically used any time an individual or group is expected to do something, and some further assurance of their compliance is needed.
Surety Bonds A bond that backs the performance of a person or company that is bonded, such as a contractor or construction company.
SURETY BOND - An instrument that provides security against a default in payment. Surety bonds are sometimes used in lieu of a cash deposit in a debt service reserve fund. See: CREDIT ENHANCEMENT.
surety bond
A bond that backs the performance of another. In the ABS market, a surety bond is an insurance policy typically provided by a rated and regulated monoline insurance company to guarantee securities holders against default.
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Surety
An individual or corporation that guarantees the performance or actions of another.
Surplus funds
Cash flow available after payment of taxes in a project.
Surety (in banking)
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Performance bond
A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled. Usually part of a construction contract or supply agreement.
collateral surety Commercial paper which has been pledged as collateral for a loan. collateral trust certificate A corporate bond backed by other securities, generally a parent corporation borrowing against securities of its subsidiaries.
Quality Assurance - Referred to commonly as QA, it centers around a declaration, assertion of confidence, surety and policies providing insurance and reassurances, in suitability, reliability and working as it should, made, ...
What we still haven't determined with any surety is how stable the foundations of the business are.
A notarized form detailing the circumstances relating to the loss of securities. An indemnity bond and replacement securities are not made available until an affidavit of loss is accompanied by a 2% surety premium.
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 See also: Bonds, Interest, Contract, Market, Issue
  
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