ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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SURETY BOND Definition
SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.
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FEDERAL FUNDS are reserve balances that depository institutions lend each other, usually on an overnight basis. In addition, federal funds include certain other kinds of borrowings by depository institutions from each other and from federal agencies.
GRANTEE is the person or entity to whom property or assets are transferred.