Contract Bond

A contract between three parties. A surety principle applies for a bond from the surety, typically an insurance company, in order to assure an obligee, or project owner, that the principle has the capacity to perform according to the provisions of an agreement or contract yet to be fulfilled.


Other users also searched for some of the following glossary words.



William Hajj Insurance Agency
36 Mill Plain Rd.
Danbury, Connecticut 06811
Phone: (203) 748-5346
Fax: (203) 798-6392
View on Map