Surety bond

From PlanningWiki

A surety bond is a guarantee made by a surety bond carrier to an obligee that the principal will perform per the terms of the bond.

Definitions of Three parties involved

• 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 principal's obligations will be performed.

External links

• National Association of Independent Bail Bondsman - Suretyship information and a list of association members that can place your bond.
• Circular T-570 - List of federally licensed bonding companies approved by the US Treasury.
• Articles on Surety Bonds - Current events and general surety bond information from agents through the US.
• Surety Information Office - A national association with free information on the surety industry, with an emphasis on contract bonds.
• The Surety & Fidelity Association of America - An association dedicated to surety and fidelity bonds, including a bond form database.