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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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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


When was Dumbbell Indemnity created?

Dumbbell Indemnity was created on 1998-03-01.


Where indemnity go on a trial balance?

Indemnity always goes to the credit side.


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