Manual article review is required for this article
Manual article review is required for this article
Manual article review is required for this article
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Article By-When a guaranty concerns an efficiency bond, it assures that the principal (the celebration that purchases the bond) will meet their responsibilities under the bond's terms. If the major falls short to satisfy these commitments and defaults on the bond, the surety is responsible for covering any losses or problems that result.1. weblink
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