SURETY BOND Definition

Bookmark and Share

SURETY BOND is a contract by which one party agrees to make payment on any default or the debt of another party.

Learn new Accounting Terms

PREREFUNDING is the the issuing of new securities to refund an outstanding security. Proceeds from the new securities are used to buy instruments, usually U.S. Treasuries, to be held in escrow for the purpose of retiring bonds or preferred stock.

E as the fifth letter of a Nasdaq stock symbol indicates that the issue did not meet the reporting date for the company's SEC regulatory requirements.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.