Permit Bond

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Permit Bond

A bond guaranteeing that a person with a permit from the government to perform a task will perform that task to the proper regulations. The bond provides compensation to an injured party in the event that the permit holder does not fulfill his/her obligations.
References in periodicals archive ?
The new surety bond system has on line applications for most license bonds, permit bonds and miscellaneous surety bonds required throughout the United States.
CNA has become the nation's largest provider of commercial surety bonds, particularly license and permit bonds, fiduciary bonds and public official and court bonds.
License and permit bonds, required by the government for people or companies to engage in certain types of business, also help consumers know they are dealing with legitimate companies or individuals.
ACSTAR also offers other miscellaneous surety such as workers' compensation bonds, supply bonds, subdivision bonds and license and permit bonds as well as some general liability.
This facility matures June 2014 and will be used to provide letters of credit for environmental obligations or in relation to license or permit bonds relating to the Meadowbank project.
Commercial surety bonds, such as license or permit bonds and public official bonds.
Dragon Surety offers a full range of Commercial bond products including License and Permit Bonds, Public Official Bonds, Court Bonds (judicial, admiralty, and fiduciary bonds), Service Bonds and ERISA.
Main Street Station for Bonds is a fully functional, end-to-end ordering and processing system for simple miscellaneous surety, license and permit bonds, probate and court bonds, and fidelity bonds.
Commercial Surety-License or permit bonds are required for contractors operating under a local, state or federal license, and good business practice for many other types of businesses.
Prior to being merged, SCP was a leading provider of contractor license and permit bonds in California.
SCP is a leading writer of contractor license and permit bonds in its home state of California.
Its products include contract bid, performance and payment bonds, non-contract surety bonds such as public official bonds, license and permit bonds, court fiduciary and judicial bonds, and fidelity and crime insurance through select agents and brokers.