Court bonds are required in legal proceedings to ensure compliance with court orders or to protect the interests of involved parties. Examples include appeal bonds, supersedeas bonds, injunction bonds, probate bonds (such as executor or administrator bonds), guardianship bonds, and replevin bonds.
These bonds are issued to individuals entrusted with managing the assets of others, such as estates or trusts. Specific examples include executor bonds, administrator bonds, trustee bonds, conservator bonds, guardian bonds, and receiver bonds.
Required by government agencies, these bonds ensure businesses comply with regulations and laws. Examples include contractor license bonds, auto dealer bonds, mortgage broker bonds, freight broker bonds, alcohol tax bonds, and health club bonds.
Public official bonds guarantee that individuals in public office perform their duties faithfully and ethically. Examples include treasurer bonds, tax collector bonds, notary public bonds, sheriff bonds, clerk of court bonds, and judge bonds.
Contract bonds are commonly used in construction and other projects to ensure the fulfillment of contractual obligations. Examples include bid bonds, performance bonds, payment bonds, maintenance bonds, supply bonds, and subdivision bonds.
This category includes bonds that serve unique purposes outside of the other categories. Examples include lost instrument bonds (e.g., for replacing lost stock certificates), utility deposit bonds, wage and welfare bonds, travel agency bonds, auctioneer bonds, and ERISA bonds (Employee Retirement Income Security Act).
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