Payment Of Premiums On Bonds


Definition of "Payment of premiums on bonds"

Bobbie Callahan real estate agent
Bobbie Callahan, Real Estate Agent Raleigh Custom Realty

Act that seals a contract and is noncancellable. surety bonds and fidelity bonds resemble insurance contracts in many ways. However, the surety, which is often an insurance company, cannot cancel a bond once the premium has been paid.

 

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