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Statutory Bonds

 
Insurance Dictionary: Statutory Bonds

Any of a number of types of Surety Bonds that the law requires of government contractors, licensed businesses, litigants, fiduciaries, government officials, and others whose performance of some duty or obligation must be assured in the public interest. See also Appeal Bond; Bail Bond; Bid Bond; Completion Bond; Contract Bond; Federal Officials Bond; Judicial Bond; License Bond; Lost Instrument Bond; Pension Plans Performance Bond; Permit Bond; Securities Bond; Trustee Role.

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Architecture: statutory bond
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A bond, the form or content of which is prescribed by statute.


 
 

 

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more