SURETY BOND Definition

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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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COST APPROACH is a general way of estimating a value indication of an individual asset by quantifying the amount of money that would be required to replace the future service capability of that asset.

BEARER STOCKS are stocks not registered in the name of an owner, who can thus remain anonymous.

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