surety bond

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Related to Surety bonds: Contract Bond
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Synonyms for surety bond

a bond given to protect the recipient against loss in case the terms of a contract are not filled

References in periodicals archive ?
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.
Hearing against the former president was resumed in the courton Saturday where it was ordered to confiscate two surety bonds of Rs1 million each as the former military leader did not show up in court.
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.
The new combined entity will enable NSU subsidiary NFRC to underwrite and reinsure surety bonds through its licensed insurance carrier partner, Clear Blue Insurance Company, Inc.
Even though the surety market may be soft, however, it doesn't mean surety bonds no longer provide value.
These bonds are typically purchased by companies and working professionals who need surety bonds for purposes unrelated to legal issues, construction projects, or other contracted work.
Ayan, who is under trial in a money laundering case, appeared before the court with her counsel for submitting the four surety bonds of Rs 1 million each.
Dominion Diamond Corporation (TSX:DDC)(NYSE: DDC), a Canada-based diamond mining company, has announced that Dominion Diamond Ekati Corporation, the operator of the Ekati Diamond Mine, has posted surety bonds with the Government of the Northwest Territories to secure the obligation under its Water Licence to reclaim the Ekati mine site.
Though few might dispute the value of surety bonds, Schubert's organization finds itself spending a great deal of time lately reminding legislators and financiers of the importance of these products.
In recognition of the dilemma small contractors sometimes face in obtaining surety bonds," New York Superintendent of Insurance James P.
Lexon writes over $100 million in direct written premium annually and is the 12th largest writer of surety bonds in the United States.
In this environment, corporate risk managers may want to consider surety bonds as an alternative to bank guarantees.
The group emerged as the 12th biggest writer of surety bonds for 2011 according to The Surety and Fidelity Association of America.
Educating your clients about alternatives like surety bonds can help them preserve their bank lines of credit for other strategic purposes.
THE RELATED COMPANIES began offering lower-cost surety bonds to residents at lease signing in September 2008 in lieu of having them pay traditional security deposits in an effort to gain a competitive marketing advantage in several markets throughout its national portfolio.