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ACSR - SURETY BONDS

Across
A contract bond guaranteeing that the work will be free from defects in materials and workmanship for a specified period after the project is completed
The obligation of one entity to answer for the debt, default, or miscarriage of performance of duties by another entity
A contract bond guaranteeing that a contractor bidding on a construction or supply contract will enter into the contract and will provide a performance bond if the bid is accepted
A contract bond guaranteeing that the project will be free of liens
A commercial surety bond guaranteeing that a public official will perform his or her duties faithfully and honestly
The party to a surety bond whose obligation or performance the surety guarantees
Down
A contract bond guaranteeing that a contractor's work will be completed according to plans and specifications
A surety bond guaranteeing the fulfillment of obligations under construction contracts or other types of contracts
A written contract that expresses one party's promise to answer for another party's failure to do something as promised
A classification of surety bonds guaranteeing that a person or an organization will faithfully perform certain duties prescribed by law or by a court or will demonstrate financial responsibility for the benefit of another until the final outcome of a court's decision
The party to a surety bond that receives the surety's guarantee that the principal will fulfill an obligation or perform as promised
The party (usually an insurer) to a surety bond that guarantees to the oblige that the principal will fulfill an obligation or perform as required by the underlying contract, permit, or law