What Is a Commercial Surety Bond? #infographic

What Is a Commercial Surety Bond? #infographic

Throughout a contractual relationship, a kind of bond is a way of ensuring that one party ( the principal) fulfills its obligations to another (the obligor). Such functions can include relevant laws and regulations, performing fiduciary duties or meeting contractual obligations. The debtor can file a lawsuit against the bond asking for compensation if necessary. Unless the principal does not, the bond issuing firm will agree to pay but the principal (you) will have to cover the charge in full.

What Is a Commercial Surety Bond? #infographic

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