Definition of Surety Bond in English :
Define Surety Bond in English
Surety Bond meaning in English
Meaning of Surety Bond in English
Pronunciation of Surety Bond in English
Surety Bond pronunciation in English
Pronounce Surety Bond in English
Surety Bond
see synonyms of surety bondNoun
1. performance bond, 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
WordNet Lexical Database for English. Princeton University. 2010.
Surety Bond
see synonyms of surety bondn.
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.
The American Heritage ® Dictionary of the English Language, Fifth Edition copyright ©2018 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.