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What is a Surety Bond Company? A Surety Bond Company (also called a surety, surety company or bonding company) is the party of the surety bond that takes on the risk and is responsible for paying the surety bond obligee in the case of a default by the surety bond principal.
Definition: surâ¢eâ¢ty bond. A surety bond is a contractual agreement between a project owner or business guaranteeing that the project will be completed or business regulations will be followed. or Request your FREE Surety Bond Quote online now.