Meaning of Surety Bond in Urdu

Meaning and Translation of Surety Bond in Urdu Script and Roman Urdu with Wikipedia Reference,

Urdu Meaning or Translation

SURETY BOND

Noun

ضمانت نامہ ۔ وہ تحریری بیان جو کسی معاہدے کی تکمیل کی ضمانت دے ۔

Object reference not set to an instance of an object.

Wikipedia

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract.