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.

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词条贡献者

资深译员筠怡，国际知名法学院民商法专业，专注翻译各种与商业和侵权诉讼有关的法律文件。