What is a Surety Bond?
Posted: July 21, 2019
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 nonperformance or defalcation. What is a Surety Bond? A surety bond is a contract among at least three parties: The obligee – the party who is the recipient of an obligation, The principal – the primary party who will be performing the contractual...
What is a Surety Bond?
Posted: February 11, 2012
A surety bond is a contract among at least three parties: The obligee - the party who is the recipient of an obligation, The principal - the primary party who will be performing the contractual obligation, The surety - who assures the obligee that the principal can perform the task European surety bonds are issued by banks and are called "Bank Guarantees" in English and "Caution"...
Surety Bonds
Posted: October 2, 2011
Surety bond plays a major role in the development of the economy. In every business environment surety bonds are the most needed requirement to fulfill their aspects in a correct form. Nowadays, trends have been changed and people want to compile their requirements legally. So, every obligee requires their business to be done legally. Surety bond explains the essential factors and their requirements in the...
Surety Bonds
Posted: November 7, 2010
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...
What is a Sales Tax Use Bond?
Posted: October 23, 2010
What is a Sales Tax Bond? A Texas sales tax bond is a business license applicant's guarantee to make all required tax payments to the Texas Comptroller of Public Accounts in a timely manner. These are continuous bonds that must be renewed annually to avoid revocation of your business license. A sales tax bond is a surety bond which guarantees that a business will pay sales tax...