Public Chat - Main beneficiary
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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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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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