compensated surety

A surety who is paid for becoming obliged to the creditor; esp., one that engages in the business of executing suretyship contracts in exchange for premiums, which are determined by an actuarial computation of risks.

• A bonding company is a typical example of a compensated surety.

— Also termed commercial surety.


专业法律词汇 词条贡献者
法律翻译Frank,毕业于英国一流的高级翻译学院,专注翻译各类与娱乐、体育及媒体有关的法律文件。
Scroll to Top