Definition: Meaning of, surety bond in English to English dictionary.
Pronunciation:/ ˈʃʊərɪti;ˈʃɔːrɪti bɒnd /
noun
synonym
antonym
Word Forms:
Singular
Plural
surety bond
surety bonds
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance