Bond Obligee Chart
Name | Description | Link |
---|---|---|
1. Obligee | A bond obligee is a party that receives the benefit underlying the surety bond, whether it be a performance or payment bond. | Extra Information |
2. Obligee – Options | Accordingly, if an Obligor does default on its obligations in the underlying agreement, then the Obligee is able to the surety to make it whole or provide payment | Extra Information |
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