Can I Get a Surety Bond to Use as Collateral for a Loan?

Answer Loans issued to individuals can be split into two types: secured and unsecured. A secured loan is a loan backed by some kind of collateral. This means that if the borrower defaults on the loan, the... Read More »

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What is the Difference Between a Surety Bond & a Fidelity Bond?

A business has the option to utilize insurance tools that will protect them in the case of any unforeseen occurrence that would jeopardize them financially. Employees may manage resources in dubiou... Read More »

What is a contractor's surety bond?

When an individual or company signs a contract with a contractor for a construction project, there is always a risk that the contractor will take any deposits made and not finish the promised work ... Read More »

What is collateral for a bail bond?

A bail bond company may require collateral (something of value) to guarantee that a defendant will show up in court. The most common forms of bail bond collateral are real estate and cash. Once a c... Read More »

What is surety bond insurance?

Surety bond insurance is a misnomer. A surety bond is not insurance. It's actually a form of credit that serves as an agreement among three parties.FactA surety bond is a three-party agreement in w... Read More »