Bond Types

Appeal Bond
A bond required by a court prior to an appeal. Appeal bonds always require 100% collateral.

Custodian Bond
Another term used for guarandianship bonds.

Estate Bond
Another term used for probate bonds.

Executor Bond
Another term used for probate bonds.

Fiduciary Bond
Another term used for probate bonds.

Guardianship Bond
Guarantees that the legal guardian of a minor or an individual that is incompasitated will appropriately manage the individuals finances.

Probate Bond
Required by the court in order to ensure the executor of an estate properly distributes the assets as the deceased or incapacitated.

Bid Bond
A guarantee that the bonding company will provide a performance bond if the contractor is awarded the job.

Construction Bond
Is not a bond type, but a general term used to describe contractor bonding.

Maintenance Bond
A contractor bond in force following a performance bond.

Payment Bond
Assures that the suppliers, laborers, and subcontractors will be paid if the contractor defaults.

Performance Bond
A contract bond to guarantee the completion of a project per the terms of the contract.

Site Improvement Bond
Required to ensure public property will be restored upon the completion of a private project, in which the principal owns the land.

Subdivision Bond
Local authorities require a guarantee that the landowner completes mandatory public improvements that builders & developers make to their property.

Supply Bond
Required by the project owner, state or federal law to secure payments to suppliers.

ARC Bond
A bond required by the Airlines Report Commission.

Auto Dealer Bond
A license and permit bond required by many states in order to operate as an auto dealer.

Broker Bond
A vague term used to describe various types of brokers (e.g. freight broker, mortgage broker, etc.)

Cigarette Tax Bond
May be required of cigarette distributors to guarantee payment of taxes.

Collection Agency Bond
A bond to guarantee collection agencies operate within the rules and regulations set fourth by the governing body.

Contractor License Bond
Some states, as well as local governments may require a bond for a contractor to legally operate in a particular location.

Customs Bond (U.S.)
Required of importers by U.S. customs of imports over $2,000 in value.

DMEPOS Bond, Medicare Bond, DME Bond
A bond required of Medicare suppliers by the Federal government.

Freight Broker Bond (BMC-84)
A Federally mandated bond of freight brokers to guarantee delivery of brokered goods.

Fuel Tax Bond
A bond to guarantee payment of taxes on fuel sold in a particular region.

Health Club Bond
Required by some states for health clubs to collect payment up front from their clients.

Home Dealer Bond
A license bond to guarantee the performance of dealers for off-site built homes.

Insurance Broker Bond
Some state insurance departments require a license bond to guarantee the performance of insurance brokers within their state.

ICC Bond
The ICC is the old regulating body for freight brokers. The bond is simply referred to as a freight broker bond or BMC-84 now.

License & Permit Bond (not listed)
There are literally thousands of different license & permit bonds throughout the country. Here you will learn more about license bonds in general.

Liquor Tax Bond
A bond to guarantee payment of taxes collected from the sale of alcoholic beverages.

Lottery and Lotto Bond
Some states require a bond to guarantee store owners properly operate state owned lottery machines.

Miscellaneous Bond (not listed)
There are literally thousands of commercial bonds, many of which are too specific to fall under a particular category.

Money Transmitter Bond
Many state governments require money transmitters to obtain a bond to guarantee they will operate in accordance with the terms their license.

Mortgage Broker Bond
Most states require mortgage broker to file a bond to with their license applications to ensure they operate per the states rules and regulations.

Mortgage Lender Bond
Most states require mortgage lenders (also known as mortgage bankers) to post a license bond to guarantee they operate per the terms of the state in which they operate.

Patient Trust Bond
This bond ensures the caretaker of a patient will not misuse the funds held in the patients’ trust.

Payday Loan Bond
A license bond required of pay day loan companies to ensure they operate per the terms of the state’s specific rules and regulations.

Preneed Funeral Bond
These bonds allow for pre-payment on funeral and burial agreements.

Public Adjuster Bond
Also referred to as insurance adjuster bonds, they guarantee the work of public adjusters.

Public Official Bond
Public Official bonds are usually for the protection of the taxpayers money which they often handle.

Sales Tax Bond
A commercial bond that guarantees a company’s payment of sales tax to the government.

Seller of Travel Bond
A bond required of sellers of travel to ensure collected funds are sent to the appropriate parties.

Surplus Lines Broker Bond
Required by several states for any insurance agent that offers surplus lines.

Telemarketing Bond
A license bond required by state governments to ensure telemarketers (also known as phone solicitors) operate legally per the terms of the particular state being called.

Title Agency Bond
A license bond required of title agents by some states.

Used Car Dealer Bond
Most of the state departments regulating used car dealers require them to be licensed and bonded to protect the public.

Utility Bond
A financial guarantee bond to ensure payment of utility bills in a prompt manner.

Wage and Welfare Bond
Are bonds required by local unions to guarantee payment of dues.