surety bond

简明释义

保证契约

英英释义

A surety bond is a legally binding contract among at least three parties: the obligee, the principal, and the surety. It guarantees that the principal will fulfill their obligations to the obligee, and if they fail to do so, the surety will cover the losses.

保证金是一种法律约束的合同，至少涉及三方：受益人、主贷人和担保人。它保证主贷人将履行对受益人的义务，如果他们未能履行，担保人将承担损失。

例句

1.A surety bond is often required for licensing in many professions.

在许多职业中，通常需要提供一份担保债券以获得执照。

2.The surety bond protects the client in case the contractor fails to fulfill the contract.

如果承包商未能履行合同，担保债券将保护客户的权益。

3.The contractor submitted a surety bond to guarantee the completion of the project on time.

承包商提交了一份担保债券以保证项目按时完成。

4.Many states require a surety bond for contractors to ensure they adhere to regulations.

许多州要求承包商提供担保债券以确保他们遵守法规。

5.Before starting the work, the company required a surety bond from the subcontractor.

在开始工作之前，公司要求分包商提供一份担保债券。

作文

A surety bond is a three-party agreement that guarantees the performance of a contractual obligation. In simple terms, it involves three parties: the principal, the obligee, and the surety. The principal is the party that is required to perform a certain task or fulfill an obligation. The obligee is the party that requires the bond and is protected by it. Lastly, the surety is the entity that issues the bond and assures the obligee that the principal will fulfill their obligations. 保证金是一个三方协议，保证合同义务的履行。简单来说，它涉及三方：主承包人、受益人和担保人。主承包人是需要执行某项任务或履行义务的一方。受益人是要求该保证金并受到保护的一方。最后，担保人是发行保证金的实体，并向受益人保证主承包人将履行其义务。The purpose of a surety bond is to protect the obligee from financial loss if the principal fails to meet their contractual obligations. For instance, in construction projects, contractors are often required to obtain a surety bond to ensure that they will complete the work as specified in the contract. If the contractor defaults, the surety company will step in to cover the costs or find another contractor to complete the job. 保证金的目的是保护受益人免受主承包人未能履行合同义务而造成的经济损失。例如，在建筑项目中，承包商通常需要获得一份保证金，以确保他们将按照合同规定完成工作。如果承包商违约，担保公司将介入以承担费用或寻找另一位承包商来完成工作。Obtaining a surety bond typically involves an underwriting process where the surety evaluates the principal’s creditworthiness, financial stability, and experience in the industry. This assessment helps the surety determine the risk involved in issuing the bond and the premium that the principal will need to pay. A good credit score and a solid track record can lead to lower premiums, making it more affordable for the principal. 获取保证金通常涉及一个承保过程，担保公司评估主承包人的信用worthiness、财务稳定性和行业经验。这种评估有助于担保公司确定发行保证金的风险以及主承包人需要支付的保费。良好的信用评分和稳健的业绩记录可以导致较低的保费，使主承包人更容易负担。In conclusion, a surety bond serves as a crucial tool in various industries, ensuring that contractual obligations are met and providing financial security to the obligee. Whether in construction, service contracts, or other fields, understanding the role of a surety bond can help businesses mitigate risks and foster trust among parties involved. By requiring a surety bond, the obligee can have peace of mind knowing that they are protected against potential defaults, thus promoting a more reliable and responsible business environment. 总之，保证金在各个行业中作为一种关键工具，确保合同义务得到履行，并为受益人提供财务保障。无论是在建筑、服务合同还是其他领域，理解保证金的作用可以帮助企业降低风险，促进参与方之间的信任。通过要求保证金，受益人可以安心地知道他们受到潜在违约的保护，从而促进一个更可靠和负责任的商业环境。