Archives: November 2010

Surety Bonds

A Surety Bond is a written promise to pay damages or to indemnify against losses caused by the party or parties named in the document through non performance or defalcation. In other words it is a garantee by the surety bonding company to make sure the promise or the job set by the vendor will be full-filled. In other words; a Surety Bond is simply a... Read Article