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What does off bond mean?

"Off bond" usually refers to a situation where a person is released from custody without having to pay bail or a bond. It means that the person is free from the obligation of having to provide financial security to secure their release from jail.


What is a discharging and indemnity bonds?

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.


What is ancillary bond?

An ancillary bond is a type of financial instrument that provides assurance or security for a specific obligation or transaction. It is typically used in conjunction with a primary bond to ensure fulfillment of certain terms or conditions. Ancillary bonds are often issued by third parties to support the main bond issuer's obligations.


What is sure deposit bond amount?

A surety deposit bond, often referred to as a surety bond, is a financial guarantee that ensures the fulfillment of a contractual obligation. The bond amount typically reflects the value of the obligation being guaranteed, which can range from a few thousand to millions of dollars, depending on the specific requirements of the project or contract. This amount is set by the obligee (the party requiring the bond) and serves as a form of security for the obligee against potential losses due to non-performance or default by the principal (the party obtaining the bond).


What is it called when the day a bond or other obligation is due to be paid?

The day a bond or other obligation is due to be paid is called the maturity date. This is the date on which the issuer of the bond is obligated to repay the principal amount to the bondholder.


What does it mean 'to post a bond or security'?

To post a bond or security means to provide a financial guarantee, typically in the form of cash, a surety bond, or collateral, to ensure compliance with a legal obligation, such as appearing in court or fulfilling contract terms. This bond acts as a safeguard for the other party, ensuring that they can recover losses if the terms are not met. It is often required in legal proceedings or financial transactions to mitigate risks associated with non-performance.


What is the basis of a natural obligation?

An obligation is a legal bond. Obligations can be civil or natural. A natural obligation implies moral duties which can be enforced only if the obligor consents to it.


What is the day a bond or other obligation is due to be paid called?

Maturity Date


Who can help obtain difficult surety bonding?

If you are having difficulty obtaining a bond due to financial condition or other issues it is best to contact a known professional.


What has the author Sara Ann Reiter written?

Sara Ann Reiter has written: 'Estimation issues in bond rating models' 'The use of bond market measures in financial accounting research' 'Accounting measures of unfunded pension liabilities and bond risk premiums (pension accounting and bond risk premiums)'


What are the underwriting information for surety bond?

Surety bonds are a credit related products, The bond provides guarantee of performance or payment. A surety bond is not available for anyone. You do need to qualify for most surety bonds. (There are instant issue bonds for notaries, tax preparers, fidelity, etc that are not underwritten.) Subject to the amount of the bond and what the obligation is, underwriting analysis looks at credit, financial strength, character, experience, etc.


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.