surety bond :

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surety bond

  • 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
News & Articles

  • Attorney: Hawkins was on scene of fire
    DARLINGTON, S.C. — Circuit Judge Paul Burch gave a woman whose four children died in an April 24 Hartsville mobile home fire some relief Tuesday when he reduced her surety bond to $50,000, which was p
    June 11, 2013 - Lake City News & Post

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