bonding company

English - English

Definition of bonding company in English English dictionary

An organisation that is prepared to undertake an agreement to make good a financial guarantee on behalf of another responsible for such guarantee Owners of "arrested" vessels may obtain such a bond to satisfy a court and to obtain release of the vessel

A properly licensed firm or corporation willing to execute a surety bond, or bonds, payable to the owner, securing the performance on a contract either in whole or in part; or securing payment for labor and materials

Hyphenation

bonding com·pa·ny

Turkish pronunciation

bändîng kʌmpıni

Pronunciation

/ˈbändəɴɢ ˈkəmpənē/ /ˈbɑːndɪŋ ˈkʌmpəniː/