Sentence examples for surety bond from inspiring English sources

'surety bond' is a correct term used in written English and refers to a type of security for a loan; a guarantee that a party will meet an obligation.
Example sentence: The bank required John to provide a surety bond for the loan he was applying for.

Dictionary

surety bond

noun

A bond issued by one party, the surety, guaranteeing that he will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should the principle fail to perform.

Exact(59)

Hartford, which is a BuySafe investor, then underwrites the surety bond.

Her father, who is retired, was a manager of surety bond underwriting in Hartford for Travelers insurance.

But some states, like Alabama, only require a surety bond, and the maximum bond in that state is $50,000.

He was was released after entering a written plea of innocent and posting a $2,500 surety bond.

The "BuySafe with the Hartford" program relies on a financial instrument well known in the construction industry -- the surety bond.

She was fingerprinted, taken to a jail cell and then finally released on a surety bond of about $1,000.

Released on a $50,000 personal surety bond, Father Fay faces up to 10 years in prison.

Three states — Montana, New Mexico and South Carolina — don't require a license, a surety bond or investments of any kind, the report says.

It is embroiled in litigation over a $1 billion surety bond which the bank bought as protection against Enron losses; the insurers reckon they were misled.

Those laws vary by state but generally require companies to be licensed and to post a surety bond to cover cardholder losses, if the card issuer goes under.

He received an associate's degree from St . Leos College in Tampa, Fla. His father owns William F. Tynan Jr. Inc., surety bond specialists, in Garden City.

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