Yearly Bid Bonds – A kind of contract guaranty bond made use of as insurance/security to protect an Obligee. These are like regular large bonds, except the Principal submits them with the Obligee as soon as a year.
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Yearly Bid Bonds – A kind of contract guaranty bond made use of as insurance/security to protect an Obligee. These are like regular large bonds, except the Principal submits them with the Obligee as soon as a year.
« Back to Glossary Index