Mark Reid Insurance
411 Hwy 76
PO Box 110
White House, Tennessee 37188
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(615) 672-5848
Contract Bond
Contract Bond (Glossary Word)
A contract between three parties. A surety principle applies for a bond from the surety, typically an insurance company, in order to assure an obligee, or project owner, that the principle has the capacity to perform according to the provisions of an agreement or contract yet to be fulfilled.
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