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surety bond. In DICTIOUS you will not only get to know all the dictionary meanings for the word
surety bond, but we will also tell you about its etymology, its characteristics and you will know how to say
surety bond in singular and plural. Everything you need to know about the word
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English
Noun
surety bond (plural surety bonds)
- (law) 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.
- (law) In a criminal case, the surety (or bail) bond assures the appearance of the defendant or the repayment of bail forfeited upon the defendant's failure to appear in court.