Definition

Share this Post

  • Connector.

    Surety bond is an insurance policy taken out by a defendant with a national insurance company in which the insurer agrees to pay the court the amount of bail required for the defendant's release if the defendant fails to come to court when he or she is supposed to. Often called a fidelity bond.

    Source

  • Connector.

    Surety bond is defined as a bond purchased at the expense of the estate to insure the executor's proper performance. Often called a fidelity bond.

    Source