What Does Bonding Company Mean?

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What does Bonding Company mean? Read on to discover the definition & meaning of the term Bonding Company - to help you better understand the language used in insurance policies.

Bonding Company

Bonding Company

Firm such as a bank or insurance company that provides bid, fidelity, performance, and other types of bonds on behalf of a first party (called the obligor) to a second party (called the obligee).

We hope the you have a better understanding of the meaning of Bonding Company.

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