Penal Sum – The face value of the bond, and the maximum amount a bond company must pay on a bond obligation.
Learn more here about bonds at Swiftbonds.com
« Back to Glossary Index
« Back to Glossary Index
(913) 214-8344
[email protected]
Penal Sum – The face value of the bond, and the maximum amount a bond company must pay on a bond obligation.
Learn more here about bonds at Swiftbonds.com
« Back to Glossary Index