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 type of agreement often used between contractors and their clients. A bond agreement consists of three parties: the principal (the contractor), the obligee (the contractor's client), and the surety, which is the company that underwrites the bond agreement. Surety bonds function a bit like insurance.ou will have to provide information about your business and specify the amount of bonding needed. You will also have to sign a credit release agreement. 1  It is essential to seek the right type of bond for your project; there are 3 common types of contract bonds.