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.
Surety Bond Definition: A Surety Bond is an agreement subject to the Bond Form. The Surety Bond is usually required for monetary compensation for failure to perform specified acts referenced in the Bond Form. A Surety Bond is a generic name for all bonds.Surety Bonds are usually required by the state or Federal Government; these bonds are called License and Permit Bonds. There are three parts of a Surety Bond, the first is the Obligee. They are the entity requiring the Bond.urety Bonds are usually required by the state or Federal Government; these bonds are called License and Permit Bonds. There are three parts of a Surety Bond, the first is the Oblige e. They are the entity requiring the Bond. Second is the principal.