Bond Obligee Chart
| Name | Description | Link |
|---|---|---|
| 1. Obligee | A bond obligee is a party that receives the benefit underlying the surety bond, whether it be a performance bond or payment bond. | Extra Information |
| 2. Obligee – Options | Accordingly, if an Obligor does default on its obligations in the underlying agreement, then the Obligee is able to the surety to make it whole or provide payment | Extra Information |
