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Fidelity
Bond
An insurance policy which reimburses an employer
for losses
resulting from dishonest acts of employees. May
be written to cover specific employees or all employees,
using either a schedule or blanket basis, or by
scheduling positions versus named persons. Contact
us >
Surety Bond
A written agreement wherein one party
(the surety) obligates itself to a second party
(the obligee or beneficiary) to answer for the
default of a third party (the principal) in failing
to perform specified acts within a stated time.
Such obligations include payment of debts and responsibility
for defaults. Contact
us >
License Bond
A surety bond often required by municipalities
and other public authorities to indemnify them
against loss from breach of any regulation or ordinance
under which the license or permit is issued. Contact
us >
Court Bond
A generic term encompassing a variety
of bonds that may be required of, or used by, the
participants in a lawsuit. These bonds permit those
participants to pursue certain legal remedies in
court. Contact
us >
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