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A discharging bond is a type of bond that releases a party from a specific obligation or responsibility. An indemnity bond is a financial guarantee that protects one party from losses incurred as a result of another party's actions or failure to meet certain obligations.

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1y ago

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Is discharging battery a physical change?

Discharging a battery involves a chemical change where the stored chemical energy is converted into electrical energy. This is not considered a physical change because the composition of the materials inside the battery changes during the discharging process.


Which of the following is legal discharging oil in state waters discharging sewage in federal waters disposing of oil waste at an approved facility disposing of plastic in coastal waters?

Disposing of oil waste at an approved facility is legal. Discharging oil in state waters and discharging sewage in federal waters are illegal. Disposing of plastic in coastal waters is also illegal as it can harm marine life and ecosystems.


Why do you need a indemnity bond?

An indemnity bond is typically required to protect one party from financial losses that may arise due to the actions or defaults of another party. It provides a form of security or assurance that the obligations will be fulfilled, especially in situations where there is a risk of loss or damage.


When was Bonds on Bonds created?

Bonds on Bonds was created in 2006. It was a reality TV show that followed the life and career of baseball player Barry Bonds.


What is the process for indemnity bond?

To obtain an indemnity bond, you need to apply through a bond provider or insurance company. You will need to fill out an application form and provide relevant information about the purpose of the bond. The bond provider will then assess the risk involved and determine the cost of the bond, which you will need to pay to secure the bond.

Related Questions

How much does it cost for an indemnity bond?

Indemnity bonds can vary in cost based on the state one lives in. Typically you can get $1000 worth of coverage for about $100. The cost may also be based on book value.


How much does it cost for indemnity bond?

Indemnity bonds can vary in cost based on the state one lives in. Typically you can get $1000 worth of coverage for about $100. The cost may also be based on book value.


Info on a private offer Discharging and Indemnity bond?

A private offer involving a Discharging and Indemnity Bond typically refers to a legal agreement where one party agrees to release another from certain liabilities while also providing indemnification for claims arising from specific actions or events. This bond is often used in financial transactions, real estate deals, or contractual agreements to protect against potential losses or legal repercussions. The terms of the bond will outline the obligations of each party, including the scope of indemnity and the specific conditions under which the discharge is granted. It's essential to consult with a legal professional to ensure that the terms are clear and enforceable.


Are life insurance indemnity contracts?

contact of insurance is an example of indemnity contracts


Where indemnity go on a trial balance?

Indemnity always goes to the credit side.


When was Dumbbell Indemnity created?

Dumbbell Indemnity was created on 1998-03-01.


Is life insurance a contract of indemnity?

Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.


Indemnity in a sentence?

As a result of Bob's indemnity to the bank, he was left with only six dollars.


Subrogation and contribution as a corollaries of the principles of indemnity?

The principle of indemnity is one of the most important rules in insurance. The principle of subrogation and indemnity protects someone from multiple claims.


Can you charge a battery while it is discharging?

Answer 1: yes Answer 2: How can it be discharging if it is charging?


Which is the correct spelling discharging or dischargining?

The spelling "discharging" is correct (releasing, or firing).


What is the journal entry for indemnity payment received?

debit cash / bankcredit indemnity income etc