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Definitions for
"PENAL SUM"
Keywords:
surety
,
nonperformance
,
bond
,
liability
,
liable
Related Terms:
Etm
,
Escrowed to maturity
,
Bonds
,
Guaranteed bond
,
Coupon bond
,
Coupon bonds
,
Bond
,
Refunding
,
Bond issue
,
Bond insurance
,
Accrual bond
,
Bearer bonds
,
Indemnity bond
,
Term bonds
,
Call provision
,
General obligation bonds
,
Zero coupon bond
,
Zero-coupon bond
,
Bearer bond
,
Savings bond
,
Bond indenture
,
Series ee bond
,
General obligation bond
,
Rate covenant
,
Limited tax bond
,
Coupon
,
Bond anticipation note
,
Income bond
,
Bonds
,
Principal
,
Strips
,
Dated date
,
Municipal bond insurance
,
Series hh bond
,
Debt instrument
,
Revenue bond
,
Straight bond
,
Callable bond
,
Bondholder
,
Callable
,
Ban
,
Flower bond
,
Government bond
,
Balloon maturity
,
Notes
,
Brady bond
,
Non-callable
,
Tranche
,
Principal amount
The maximum amount of a surety's liability under a surety bond.
conning.com
The limit of the Surety's liability under its bond. The amount may be fixed by statute (for license and permit bonds), by the initial contract amount (for performance/payment bonds), or by some other means.
fitnessunderwriters.com
of a bond is usually the face amount of the surety bond.
edc.ca
The maximum amount for which a surety company may normally be held liable under the bond. Also called the bond penalty. See also limit of liability.
bondsexpress.com
The monetary amount specified as a penalty in a penal bond. A penal bond is a promise to pay a penal sum in the event of nonperformance.
arcourts.ualr.edu
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