Directory
References
Discover
obligee
suretyship
Learn about this topic in these articles:
surety contracts
- In insurance: Suretyship
…is the person bonded; the obligee, the person who is protected; and the surety, the person or corporation agreeing to reimburse the obligee for any losses stemming from failures or dishonesty of the principal. The bond covers events within the control of the person bonded, whereas insurance in the strict…
Read More