soccer Archives • Pedersen & Sons

Open Penalty Bonds

by Neil Pedersen | Aug 24, 2013 | Bonding Procedures, Court Bonds, Miscellaneous Bonds

A court or miscellaneous bond sometimes has an open penalty, which simply means a bond penalty does not have a finite limit. Open penalty bonds carry many risks and hazards because the surety does not know the exact amount of liability it must guarantee. A typical...

Open Penalty Bonds

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