EVALUATING THE RICH HERITAGE AND LASTING TRADITION OF CATHOLIC SCHOOLS THROUGHOUT THE WORLD



The Financial Effect Of Defaulting On An Efficiency Bond

Short Article Written By-When a surety problems an efficiency bond, it guarantees that the principal (the party who buys the bond) will accomplish their commitments under the bond's terms. If the principal fails to satisfy these commitments and defaults on the bond, the surety is in charge of covering any losses or problems that result.1. Loss of o

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