A surety bond is a contract among at least three parties:
Source: Surety bond
http://en.wikipedia.org/wiki/Surety_bond
surety bond - definition of surety bond - A bond issued by an entity on behalf of a second party, guaranteeing that the second party will fulfill an obligation or series of obligations to a... ... surety bond is ...
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a form of 'insurance' acquired by a contractor (usually required by an owner or entity engaging the services of a contractor) whereby, if the contractor defaults (i.e. is unable, for whatever reason, to complete the work that it contracted ...
http://wiki.answers.com/Q/What's_a_surety_bond
A surety bond is an agreement between three parties to ensure that a promise is kept. A surety bond company guarantees completion of a certain legal obligation by one party to another. An example would be in the field of construction. If yo...
http://www.ehow.com/how-does_4568873_surety-bonds-work....
The National Association of Surety Bond Producers are solely dedicated to the needs and interests of surety bond producers and serves a membership with personnel of over 5,000 surety agents and brokers. ... NASBP is the association of and resource for surety bond producers. NASBP members are professionals who specialize...
www.nasbp.org/
WHAT IS A SURETY BOND? ... Simply stated, a surety bond is an agreement under which one party, the surety, guarantees to another, the owner or obligee, that a third party, the contractor or principal, will perform a contract in accordance with contract documents.
www.preferredbonding.com/suretybd.html www.preferredbonding.com/suretybd.html
Definition of surety bond in the Online Dictionary. Meaning of surety bond. Pronunciation of surety bond. Translations of surety bond. surety bond synonyms, surety bond antonyms. Information about surety bond in the free online English dictionary and encyclopedia. ... performance bond ... surety; surety; surety; surety;
www.thefreedictionary.com/surety+bond www.thefreedictionary.com/surety+bond
A surety bond is a three-party instrument between a surety (someone who agrees to be responsible for the debt or obligation of another), a contractor and a project owner. The agreement binds the contractor to comply with the terms and conditions of a contract.
www.sba.gov/services/financialassistance/suretybond/ind... www.sba.gov/services/financialassistance/suretybond/index.html
What is a Surety Bond? ... A surety bond is a three-party agreement whereby the surety assures the project owner (obligee) that the contractor (principal) will perform a contract in accordance with the contract documents. ... A professional surety bond producer can offer sound business advice and technical expertise,
www.sio.org/html/obtain.html