Surety Bonds in Washington

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  • Surety bond

    The examples and perspective in this article may not represent a worldwide view of the subject. Please improve this article and discuss the issue on the talk page. (December 2010) It has been suggested that this article be merged with Surety. (Discuss) Proposed since March 2013. A surety bond or surety is a promise to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation. Contents 1 Overview 2 History 3 Contract surety bonds 4 Commercial surety bonds 4.1 License and permit bonds 4.2 Court bonds 4.3 Public official bonds 4.4 Miscellaneous bonds 5 Fidelity bonds 6 See also 7 References 8 External links Overview [edit] A surety bond is a contract among at least three parties: The obligee - the party who is the recipient of an obligation, The prin... (see more)

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