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surety bond

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1. n. a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance Source: wordnet

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From the definitions

surety against assumes bond case company contract filled given liability loss nonperformance protect recipient terms

Word family

sureties suretiship suretyship suretyships

Nearby in the alphabet

surefooted surely surement sureness surer

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