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surety bond Finance Definition
A bond issued by a com-pany on behalf of a person that guarantees the person will fulfill an obligation to a third party. If the person does not perform those duties, the third party is reimbursed through the bond for losses it suffers. Surety bonds may be used in cases where employees manage money or perform some other sensitive duties.

Browse dictionary entries near surety bond

  1. ‹ surety
  2. ‹ surely
  3. ‹ surefire
  4. ‹ sure thing
  5. ‹ sure-footed
  6. ‹ sure-fire
  7. ‹ sure-enough
  8. ‹ sure
  9. ‹ surd
  10. ‹ surculose
  1. surf ›
  2. surf and turf ›
  3. surf-cast ›
  4. surf clam ›
  5. surf duck ›
  6. surf fish ›
  7. surf scoter ›
  8. surface ›
  9. surface-active ›
  10. surface noise ›