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 fidelity bond / guarantee bond / surety agreement is a promise that someone (i.e., the commercial surety) will pay a specific dollar amount if someone else (called the Principal, e.g., the general contractor) fails to comply with some commitment as spelled out in a contract or other work-site agreement.he type of bond that you need will generally fall into a broad category (bid, performance, payment, surety, etc.). One of the things that we see are that the contracts that are written have certain wrinkles. Thus, the exact bond that is needed is generally tailored to the specific contract.