surety bond

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Related to Surety bonds: Contract Bond

Surety Bond

1. A fee that a security holder must pay to the security's issuer, should the holder lose the physical certificate. The holder receives a replacement certificate in exchange for the surety bond. A surety bond helps reduce fraud.

2. See: Blanket fidelity bond.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

surety bond

An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

surety bond

See fidelity bond.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
According to David Gonsalves, president of BondExchange, the change was in response to feedback from customers that finding the right bond was of the biggest pain points for agents in the surety bond process.
Vic Lance is the founder and president of Lance Surety Bond Associates.
Another are of difference between surety bonds and insurance is the pricing structure of each.
1, the SBA will lower surety bond fees for the first time in 12 years, giving small contractors like Rodriguez the opportunity to compete even better with the big dogs.
IN Warranty Bonds, the contractor assumes 'full responsibility for the contract work from the time project construction commenced up to a reasonable period.' The contractor assumes full responsibility for the safety, protection, security and convenience of his personnel, third parties, and the public at large, as well as the works, equipment, installation and the like to be affected by his construction work and shall be required to put up a warranty security in the form of a callable surety bond. The amount of the Warranty Bond shall not be less than 30 percent of the Total Contract Price.
'Simply put, the proof that the surety bond posted is fake must first be proven by the surety company before proceeding with the execution,' the commissioner said.
The state of Alaska requires surety bonds on all contracts that are sizeable in cost or long in duration, according to Scott Jordan, director of the Alaska Department of Administration's Division of Risk Management.
21 November 2017 - Boston, US-based insurance underwriters General Indemnity Group, LLC has closed the acquisition of a majority equity interest in California, US-based commercial and contract surety bonds provider South Coast Surety Insurance Services, LLC from South Coast's sole equity holder, the company said on Tuesday.
Takaful International CEO Younis Al Sayed said the insurance firm launched surety bonds last year, which were well received in the market, encouraging further development via BisB.
The new combined entity will enable NSU subsidiary NFRC to underwrite and reinsure surety bonds through its licensed insurance carrier partner, Clear Blue Insurance Company, Inc.
Even though the surety market may be soft, however, it doesn't mean surety bonds no longer provide value.
EZ Surety Bonds provides instant surety bonds for customers in all 50 states.