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词汇 surety-bond
释义 surety bond
noun[ C ]
ukus
LAW
a legal agreement in which someone promises to pay a person or organization a sum of money if another person does not do something they had promised to do:
Contractors are not required to post a surety bond, but they must have at least $3 million in liability insurance.

Examples of surety bond


surety bond
If a given suretybond type has paid out a high percentage of claims then the premium amount paid by applicants will be higher.
From
Wikipedia

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Each notary public is required to file a $1,000 suretybond with the court clerk in their county of residence.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
A suretybond also replaces the need for collateral.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
At the time of its failure the financial institution had 1,000 depositors with deposits in the amount of $360,000, secured by a suretybond of $100,000.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Where the accused is released on a suretybond, the surety may apply to the court for an order to be removed.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Those who are perceived to be a higher risk will pay a higher suretybond premium.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
A key term in nearly every suretybond is the "penal sum".
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Until 1987, he worked as a suretybond executive.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Most of the states require a suretybond with widely ranging amounts from as little as $25,000 to over $1 million and maintaining a minimum capital requirement.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Purchase a $5,000 tax preparer suretybond.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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