Surety Bond Forums - JW Surety Bonds
  #1 (permalink)  
Old 02-04-2008, 04:20 PM
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Default Main beneficiary
Who is the main beneficiary under a bond?
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Old 02-05-2008, 11:58 AM
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A surety bond is a three party agreement. The parties are the principal, the obligee, and the surety. The surety guarantees the performance of the principal (in some underlying agreement) to the obligee. The "beneficiary" of the surety bond is the obligee.
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Old 10-01-2008, 12:43 PM
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If the obligee is the "beneficiary" what does this bond do for me? What does it cover me for? Is it an insurance policy type product for me?
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