What is a bond?
A legitimate roofing company will be “bondable.” A bond is a guarantee issued by a surety company that work will be finished. If your roofing contractor can not complete the work promised because of bankruptcy or death, the surety company will make sure the work is completed. Bonds are most often required on large commercial projects which require lengthy project schedules.
A bond is a financial instrument that has been used for centuries to help two parties to a contract have greater confidence that everything will go as expected. A bond is issued by a bonding company (such as buySAFE’s bond partners) when they are so confident that a merchant will honor their promises that the bonding company is willing to guarantee those commitments with their own assets. A bond is one of the strongest signals of professionalism and competence available. buySAFE is the only company to enable e-commerce merchants to use bonding to provide increased confidence and a bond guarantee for customers. See the buySAFE Bonding Tutorial if you’d like to learn even more about bonding.
A written promise to pay a specified sum of money( the face value or par) on a specified date or dates ( the maturity date) with periodic interest at a specified rate. Bondsize provides for the user to input a single rate for all maturity dates or individual rates for each year. SUGGESTION: For initial calculations,just use one rate.
