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Surety Deposit Chart

NameDescriptionLink
1. Surety DepositSome surety bond companies will ask for a deposit in order to alleviate their out-of-pocket costs when writing a bond.Extra Information
2. Performance Bond DepositIn a performance bond situation, some of the bonds that are written are extremely large. Further, they can be needed very quickly for certain jobs. So, some companies ask for a deposit of 5-10% of the cost in order to alleviate the out-of-pocket costs.Extra Information

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