Frustration and confusion still reign over this complicated topic, but experts agree that the differing philosophies of occlusion are slowly finding common ground. 1  For more than 100 years, dentists have debated the role of occlusion in dental practice. Unlike most aspects of dentistry, there is a lack of unified theory and practice regarding occlusion. In fact, the very definition of the term has been a source of contention.
Surety Bond Definition Explained. A surety bond is defined as a three-party agreement that legally binds together a principal who needs the bond, an obligee who requires the bond and a surety company that sells the bond. The bond guarantees the principal will act in accordance with certain laws.
A surety, surety bond or guaranty, in finance, is a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. promise to pay a sum of money in the event that another person fails to fulfill an obligation. surety (Noun). One who undertakes to pay money or perform other acts in the event that his principal fails therein.