surety bond


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Related to surety bond: performance bond

surety bond

n.
A guarantee issued by a surety agency on behalf of a client, requiring the agency to pay a sum of money to a third party in the event the client fails to fulfill certain obligations.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.surety bond - 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
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
References in periodicals archive ?
Industry associations have commended SBA for these new changes and SBA continues to encourage surety bond providers and agents to actively participate in the program.
Re: Administration Review of Medicare Regulation Requiring Surety Bond from State-Licensed Pharmacies (CMS-6006-F)
Hampton Roads PPV, LLC Military Housing Taxable Revenue Bonds (Hampton Roads Unaccompanied Housing Project) 2007 Series A Class I 'AA', II 'A' & III 'BBB'; AMBAC surety bond.
ISLAMABAD -- Kashmiri journalists working in Delhi and one based in Doha joined hands to raise money needed for the surety bond for the release of illegally detained Kashmiri photojournalist, Kamran Yousuf, on bail.
On Thursday, anti-terrorism court judge Dawood Khan Nasar granted bail to Mr Achakzai and asked him to pay a surety bond of Rs500,000 in the case of trampling to death on-duty traffic police officer Haji Attaullah at the GPO Chowk in the city in June while driving his vehicle.
Any PACA licensee wishing to employ individuals who have failed to pay a reparation award, or have been subject to a USDA disciplinary action, must post a USDA-approved surety bond.
The SBA has noted two important changes to its Surety Bond Guarantee Program that will increase contract opportunities for small contractors, supporting them to grow their business operations.
The Managing General Surety Bond Only Agency has announced that they have again taken a large leap forward to make Surety Performance Bonds, Payment Bonds and Bid Bonds available to more contractors, for larger jobs with less difficulty in getting qualified.
A key product for an owner looking to transfer performance or payment guarantee risk is a surety bond.
ISLAMABAD -- The Judicial Magistrate on Thursday accepted bail plea of Raja Arshad, main accused in Barrister Fahad Malik murder case, in arms recovery case against Rs 50,000 surety bond.
A surety bond is a three-party agreement designed to ensure an individual will perform according to the terms of a contract.
MANILA -- The Supreme Court stopped the Court of Tax Appeals from collecting P3 billion cash bond to P4 billion surety bond from boxing champ Manny Pacquiao and his wife Jinkee in exchange for lifting of warrant of distraint and levy and garnishment by the Bureau of Internal Revenue.