![]() ![]() Other surety bonds guarantee payment of tax or other financial obligations. Some surety bonds provide coverage for, or ensure compliance with, local, state, or federal licensing and permit requirements. There are thousands of different types of surety bonds across the country. In practice, surety bonds can have several variations to their definition, meaning, and purpose depending on the specific bond requirement. ![]() For most surety bonds, the obligee is a local, state or federal government organization.
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