Meaning of SURETY BOND

WordNet Dictionary
	Definition:		[n]  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
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	Synonyms:		performance bond
	See Also:		bond, bond certificate
Legal Dictionary
	Definition:		A bond purchased at the expense of the estate to insure the executor's proper performance. Also referred to as "fidelity bond."
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