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 bond is a contract among at least three parties: 1  The principal-the primary party who will be performing a contractual obligation. 2  The obligee-the party who is the recipient of the obligation, and. 3  The surety-who ensures that the principal's obligations will be performed. bail bond is a type of surety bond used to secure the release from custody of a person charged with a criminal offense. Under such a contract, the principal is the accused, the obligee is the government, and the surety is the bail bondsman. Examples of fidelity bonds 1  : ERISA. 2  Business Service Bonds. 3  Public Official.