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Team Writer-When a guaranty concerns a performance bond, it ensures that the principal (the event that acquires the bond) will satisfy their commitments under the bond's terms. If the major fails to meet these responsibilities and defaults on the bond, the guaranty is responsible for covering any type of losses or damages that result.1. Loss of onl
Write-Up Writer-When a guaranty issues an efficiency bond, it assures that the principal (the event that buys the bond) will satisfy their commitments under the bond's terms. If the major stops working to satisfy these commitments and defaults on the bond, the surety is responsible for covering any kind of losses or problems that result.1. Loss of
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