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What is a surety or fidelity bond?

April 26, 2017Bond Fidelity surety

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What is a surety or fidelity bond?

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Surety bonds are three-party agreements in which the issuer of the bond (the surety) joins with the second party (the principal) in guaranteeing to a third party (the obligee) the fulfillment of an obligation on the part of the principal. A Guide to Surety Bonding will teach you the basics of Surety bonding and how The Bond Exchange can help you. For more definitions, refer to the Glossary section of our web site.