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What does surety bond mean?

April 26, 2017context examples definition dictionary english learning mean sense study surety bond synonyms

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What does surety bond mean?

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• SURETY BOND (noun) The noun SURETY BOND has 1 sense: 1. 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 Familiarity information: SURETY BOND used as a noun is very rare.