CONSTRUCTION BOND
Surety bond specifically used in construction projects ensuring the investors. It protects investors against a sudden event that may cause disruptions, failure to finish the project because of the builder’s insolvency, or the job’s failure to fulfill contract specifications. In general, there are three parties involved in this bond: investor/eventual owners, party or parties in a project, and surety firm backing the bond. Also called contract bond or construction surety bond.
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Cancellation
Notification by a broker advising his or her client that an incorrect exchange deal was conducted and that the activity is being pointed out. For e ...
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UFMI
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