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Surety Bond (Glossary Word)
Surety Bond
A contract between three parties. A surety principle applies for a bond from the surety, typically an insurance company, in order to assure an obligee, or project owner, that the principle has the capacity to perform according to the provisions of an agreement or contract yet to be fulfilled.
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2190 E. Enterprise Parkway
Twinsburg, Ohio 44087
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