The judge said: 'The defendant and sureties
shall provide two of their recent passports for court record.
The judge reiterated that the order directing the sureties
to pay the money was an order of interim forfeiture.
To better understand the relationship between the court, the accused, and the surety, this paper explores the following questions: How do justices of the peace and Crowns determine suitable sureties
? How are surety releases framed by institutional court officials during bail proceedings?
Kash and Bruce Kahn, "Bad News for Construction Insurers Might Be Good News for Sureties
," in the IADC Fidelity and Surety Newsletter, March 2014.
have entered the market over the last few years, including both new capital and P&C carriers looking to expand their revenue by writing an additional line of business.
By the time of the Magna Carta, sureties
were recognized as an important tool for facilitating commercial ventures without a banking industry.
want to see strong working capital which is defined as current assets minus current liabilities.
"HR 776 requires non-corporate sureties
to pledge specific and secure assets as required from others providing collateral to the federal government and requires those assets be held by a government entity to ensure payments can be made in the event they are needed," he said.
Employing the various underwriting and claims handling measures can assist sureties
in minimizing potential losses.
For example, a timeshare developer, whose cash flow was severely pinched by the credit crisis and also was embroiled in a contract dispute with a construction contractor on a completed project, had limited resources to meet sureties
' collateral requirements for future bonding.
After filing the sureties
before Chief Metropolitan Magistrate Killivalavan in Egmore, Madras High Court Advocate Association president and Vasanthy's counsel R C Paul Kanagaraj said, "The sureties
were filed following media reports that questioned the veracity of the earlier sureties
While all bonds have a financial guarantee aspect, sureties
consider any bond obligation that does not have any kind of performance component to be a "pure" financial guarantee.