What is a Surety Bond? What is a Surety Bond? A bond brings 3 parties into a contract with each other. Those parties are: The Principal (most likely this is you and you have been asked to get a bond by the; Obligee, the party that is requiring the principal to obtain the surety. TheContinue reading “What is a Surety Bond?”
Surety is a guarantee that an undertaking will be completed. Surety in other words is a bond or instrument of credit.