surety bond
noun Date: 1911 a bond guaranteeing performance of a contract or obligation

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • surety bond — ➔ bond * * * surety bond UK US noun [C] ► LAW a legal agreement in which someone promises to pay a person or organization a sum of money if another person does not do something they had promised to do: »Contractors are not required to post a… …   Financial and business terms

  • surety bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surety bond …   Law dictionary

  • Surety bond — A surety bond is a contract among at least three parties: * The principal the primary party who will be performing a contractual obligation * The obligee the party who is the recipient of the obligation, and * The surety who ensures that the… …   Wikipedia

  • surety bond — noun 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 • Syn: ↑performance bond • Hypernyms: ↑bond, ↑bond certificate * * * noun : a written… …   Useful english dictionary

  • surety bond — noun a) A bond issued by one party, the surety, guaranteeing that he will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should the principle fail to perform. b) In a criminal case …   Wiktionary

  • bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …   Law dictionary

  • surety — sure·ty / shu̇r ə tē/ n pl ties [Anglo French seurté, literally, guarantee, security, from Old French, from Latin securitat securitas, from securus secure] 1: a formal engagement (as a pledge) given for the fulfillment of an undertaking 2: one… …   Law dictionary

  • Bond — Bond, bonds, bonded, and bonding may refer to:Fiduciary bonds*Bond (finance), in finance, a debt security, issued by Issuer **Government bond, a bond issued by a national government ***Government bond register, a register of bonds issued by a… …   Wikipedia

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

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