what is a guarntee bond
what is a guarntee bond
A non-surety bond is a guarantee by the signer for the amount of the bond. There is no cash or property required as collateral. In the court system, a non-surety bond can also guarantee a "promise to appear".
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
Bail bond Surety bond. Bail
You should talk to your supplier about the details of any performance guarantee/warranties they may offer You.
The bid Bond is refundable to losers when the contract is awarded. It is a bank guarantee of a specified value issued by the guarantee to the seller such that he cannot withdraw his bid from the tendering process.
The performance bond is what you might get depending on interest rates. The bank guarantee is more secure and will be guaranteed money regardless of what the economy does.
There are typically three parties involved in a surety bond: the principal (person/organization required to obtain the bond), the obligee (entity requiring the bond), and the surety (company providing the financial guarantee). The principal purchases the bond to assure the obligee that they will fulfill their obligations, with the surety company backing this guarantee.
http://wiki.answers.com/Q/What_is_an_Insurance_Guarantee_Bond_certificate"
security, bond, guarantee, pledge, warranty, surety
A "contract" bond is a guarantee that has been issued by an insurance company. The contract bond guarantees that the "contractor" will perform a service according to the specifics of a contract.
security, surety, bond, payment and financial guarantee.