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SURETY BOND

Pronunciation (US): 

 Dictionary entry overview: What does surety bond mean? 

SURETY BOND (noun)
  The noun SURETY BOND has 1 sense:

1. a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance

  Familiarity information: SURETY BOND used as a noun is very rare.


 Dictionary entry details 


SURETY BOND (noun)


Sense 1surety bond [BACK TO TOP]

Meaning:

A bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

performance bond; surety bond

Hypernyms ("surety bond" is a kind of...):

bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)


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