NOTICE: We closed down Spin Distribute on December 31st, 2022. ❗
Spin Distribute has been a wonderful SEO service since early 2009. Unfortunately, after almost 14 years, it no longer meets the very strict quality criteria of our company.
We pride ourselves on only providing SEO services that are best-in-class. Unfortunately Spin Distribute no longer qualifies.
For this reason we closed down new sign-ups and new orders on Spin Distribute on December 31st, 2022.
Of course all your existing orders will be delivered in full. Thank you!

- Aaron Sustar, CEO, INFINET LLC
SmileyTech Solutions - Smile about your Online Business!

Take your IM business and SEO efforts to the next level!

Log In

Once you are logged in, you are able
to use all of our services.
Your Email Address:
Your Password:
 
What can I do when logged in?
Once you are logged in, you are able to use all of our services. This includes:

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

« Back to articles from category "Business"

The following article was published in our article directory on May 6, 2013.
Learn more about SpinDistribute Article Distribution System.

About Surety Bonds

Article Category: Business

Author Name: [email protected]

A surety bond is a particular type of bond that involves three different parties. These are the principal (the entity being secured against default), the obligee (the entity who has the rights to the money or service owed), and the surety (the entity promising to shoulder the liability in case the principal defaults.

There is a wide range of circumstances or situations where this type of bond can be applied. Basically, a surety bond is used every time a group or an individual is expected to perform something, and an additional assurance of compliance is required.

How It Works

The principal signs an agreement with a surety company (normally an insurance underwriter or company like Swift Bonds) that makes a promise to reimburse the surety in case the obligee defaults or fails to pay. In this case, the surety gives the obligee the agreed amount. This then results to a legal obligation of the principal to reimburse the company. This may include all expenses and losses incurred by the surety in relation to the case.

Since the insurer is a lender, it acquires the same rights in recovering its losses from the principal like what any lender has; and this is unlike a typical insurance transaction where an insurance company has significantly less options as far as legal recourse is concerned.

Types of Surety Bonds

There are many types of this bond including court bonds, contract bonds, license bonds, and bail bonds.

Contract bonds - required of a contractor who is obliged to do a particular building or maintenance job. The contract may stipulate various specifications, timeframe for completion, and maximum cost, the surety may be required to appropriately fulfill the contract.

Court bonds - usually court-required prior to a principal's attempts to file an injunction or claim, or an appeal. If the principal fails, they may be required by the court to shoulder the court costs or even a fine in case of wrongful filing.

Bail bonds - This is one of the most popular types of surety bond, although one that a lot of banks and insurance companies want nothing to do with primarily because of its notoriously high default rate. This basically requires the principal's appearance at an appointed court date, and usually costs higher since only a few specialists are willing to issue such a bond.

License bonds - usually required for start up businesses or when acquiring a new kind of license for an already existing business. In this case, the principal is the owner getting a surety for compliance with all the licensing requirements. The local government or the state is the obligee issuing the license, and gets paid in case the principal does not act in accordance with the licensing requirements.

There are other types of surety bonds other than those mentioned above. These include permit bonds (similar to license bonds), public official bonds (to make sure that the elected or appointed official will act lawfully), and probate bonds (for executors handling the assets of a minor or an estate).

About the Author: Gary Swiftbonds is an expert when it comes to surety bond, surety bonds, getting bonded, performance bond, and bid bonds. To find out everything about surety bond, surety bonds, getting bonded, performance bond, and bid bonds, visit his website at Swiftbonds.com.

Keywords: surety bond, surety bonds, performance bond, getting bonded, bid bonds, minority contractors

Learn more about SpinDistribute Article Distribution System. We also offer Professional Article Writing to everyone who's looking for high quality web content.

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.

1 article = 800+ backlinks

ARTICLE DISTRIBUTION

Publish 800+ unique versions of
your article on 800+ websites!
Let us do all the

ARTICLE WRITING

Need lots of keyword optimized
quality articles? Search no more.
We recommend our

COMPLETE SERVICE

We write articles. We distribute
them. You get all the gains!
Have any questions?
Feel free to check out the "Frequently Asked Questions" section, or use the email address below to contact our team. You can also register for free and contact our Support Department. Read more
Why choose
Spin Distribute?
boost your traffic and online income and crush your competitors with our great article distribution system
get more than 800 highly relevant backlinks with each article distribution (from $1.60 per distribution)
try out our "Complete Service" that puts everything on auto-pilot (we write & distribute articles for you)
have us write all the articles for you, so you can focus on your business
get detailed HTML and PDF reports for every article distribution
contact our Support Department and Live Support to get answers
get FREE access to our SEO Tips & Tricks Guide (worth $27 alone!)
join our Affiliate Program and make money with our services
 
E-mail: info
   
spindistribute.com
Smile about your Online Business!

> Frequently Asked Questions
> Terms of Use & Privacy Policy
> Affiliate Program
 
Dear Sirs, your Distributor helped me get 'from rags to riches'...I started my online business as a student 4 years ago but was making less than $1000 a month no matter what I did...but after using your service my website got to some great positions in search engines and right now I'm probably making more than any of my former classmates...from the comfort of my home!
J. Parker