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Top Terms > Management and organization > Finance > Assets > Securities > Bonds > Surety bonds

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Surety bonds (Cfesbs)

Definition
Surety bonds are guarantees of reimbursement issued by a corporation, partnership or individual to reimburse the firm or government if the contractor fails to complete the contract. (Source: Team)
Use For
Surety insurance
Broader Term
Bonds (Cfesb)
Related Terms (Associative)
Contract administration (Cu)