Surety Bond Definition

noun
A guarantee issued by a surety agency on behalf of a client, requiring the agency to pay a sum of money to a third party in the event the client fails to fulfill certain obligations.
American Heritage

(law): In a criminal case, the surety (bail) bond assures the appearance of the defendant or the repayment of bail forfeited upon the defendant's failure to appear in court.

Wiktionary
Synonyms:

Other Word Forms of Surety Bond

Noun

Singular:
surety bond
Plural:
surety bonds

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surety bond