English dictionary
surety bond meaning and definition
Definition and meaning of surety bond at MeaningMonkey.org. surety bond meaning and definition in the English Dictionary.SURETY BOND noun
Definition of surety bond (noun)
- 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
- synonyms: performance bond
Source: Princeton University Wordnet