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 guarantee made by an insurance carrier (bonding company backing the bond) that is a hybrid of insurance and credit. It is a form of insurance to the obligee (party requiring the bond protection), as they are the beneficiary that can file a claim if the bond's promise is not met.hat your bond guarantees is dependent on the bond type and the bond formâs language. While it is extremely important to understand what your bond is guaranteeing, it is beyond the scope of this article. There are thousands of different bond forms for a variety of bond types required throughout the country.