: a bond guaranteeing performance of a contract or obligation
Examples of surety bond in a Sentence
Recent Examples on the Web
Examples are automatically compiled from online sources to
show current usage.Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Trade group sees problem in refund system There is a separate dispute over who should receive refunds in cases where surety bonds were issued for imports but the importer or broker failed to pay the tariff.—Jonathan M. Gitlin, ArsTechnica, 20 Apr. 2026 State police said Quilty turned himself in and was released on a $1,000 non-surety bond.—Justin Muszynski, Hartford Courant, 14 Apr. 2026 Turner received a $100,000 cash/surety bond.—Dejanay Booth-Singleton, CBS News, 10 Apr. 2026 One of the most important of those levers is the surety bond, a financial arrangement in which an insurer, in exchange for an upfront fee, agrees to pay out if, say, an electrical subcontractor fails to deliver.—Ben Christopher, Los Angeles Times, 3 Apr. 2026 See All Example Sentences for surety bond