Surety Deposit Chart
Name | Description | Link |
---|---|---|
1. Surety Deposit | Some 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 Deposit | In 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 |