answersLogoWhite

0

Refund of payment bond

Updated: 9/15/2023
User Avatar

Wiki User

14y ago

Best Answer

Normally, these are not refundable. Bonds of this type are sometimes referred to as "reverse insurance"...the one providing it as part of the deal buys it, from a bonding/insurance company, and that company essentially guarantees performance of what the bond covers...they will perform if the one covered does ot. The premium is a payment, that like insurance, is NOT refunded if there are no claims.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Refund of payment bond
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

If you already have a payment arrangement with the IRS will they take your refund?

Yes, if you already have a payment arrangement with the IRS but have a refund due, they will take the refund. If you have a balance due, they will apply your tax refund to this balance.


Which is not considered an entitlement payment?

income tax refund


What is meant by refund?

To refund is to give back the payment made, usually due to a cancelled order or unsatisfactory service and/or returning of a money guarantee as part of a payment deal.


Order the events in the life of a bond from earliest to latest A bond maturity B bond issue C coupon payment?

1)bond issue 2)coupon payment 3)bond maturity


Can the IRS take your refund even if you have a payment arrangement?

Yes, unfortunately.


What is the types of letter of guarantee?

There are several types of letter of guarantee that include: 1. Tender Bond/ Bid Bond 2. Performance Bond 3. Advance Payment Bond 4. Retention Money Bond 5. Maintenance Bond 6. Financial/ Payment Bond


How can somebody get their refund from bail bond after an exoneration?

To get a refund from a bail bond after an exoneration, the individual or their legal representative would need to contact the bail bond company. They will likely require proof of exoneration, such as a court order or document from the attorney, to process the refund. It is important to follow up with the bail bond company promptly to ensure a smooth refund process.


What is disbursement?

all of these payment of a bill expense reinbursment an income tax refund


What is a disbursements?

all of these payment of a bill expense reinbursment an income tax refund


What is the term used to describe the fixed payment of interest on a bond?

Coupon Payment


What is an on demand payment bond?

This is a type of credit enhancement that guarantees payment of an obligation and must be paid by the enhancer on the demand of the note or bond holder.


Is a refund entitled if a nonrefundable payment is made to a daycare in April that is due in September it is now June child will not be attending?

No. It was a NONREFUNDABLE payment.