slug.com slug.com

1 0

LINK Please Wait... | Cloudflare

What is a Surety Bond?
Surety bonds provide financial guarantees that bondholders such as public officials, companies, contractors, or unions will uphold their contracts according to mutual terms.

Surety bonds protect WE THE PEOPLE from fraud and malpractice. When a bondholder breaks a bond’s terms, the harmed party can make a claim on the bond to recover losses.

Public Official Bonds
A public official is a person who holds a position of official authority that is conferred by a State, City, County, or other municipality. They often hold a legislative, administrative, or judicial position of sorts and is either elected or appointed. Relative to surety bonds, notaries public are the most common public official. A public official bond provides indemnity for the failure of a public official to faithfully perform their duties while properly managing funds they might oversee for the term of their designation.

What Are The Two Common Types Of Public Official Bonds?
Public Official Bonds may serve different functions: Fidelity Bonds and Faithful Performance Bonds. Also, states use “fidelity bond” and “faithful performance” interchangeably, there is a difference between fidelity coverage and faithful performance coverage.

IT ONLY TAKES 10 PEOPLE Surety Bonds are one of the oldest guarantees there are. A bond is a contract that guarantees us that a person will perform their duties according to the laws and the constitution of the United States.

Once an elected official, company, or union step outside the law and starts imposing mandates on WE THE PEOPLE. We have the authority to stop them.

The bond gives us the power to put government officials, companies, and unions on notice. The more people who stand up and fight together the greater our chances are of removing these people from office, heads of companies, or unions

Aztex2020 7 Feb 1
Share

Be part of the movement!

Welcome to the community for those who value free speech, evidence and civil discourse.

Create your free account

1 comment

Feel free to reply to any comment by clicking the "Reply" button.

0

We all need security, these days!

You can include a link to this post in your posts and comments by including the text q:309713
Slug does not evaluate or guarantee the accuracy of any content. Read full disclaimer.