surety bond

(redirected from Schedule Bond)
Also found in: Dictionary, Thesaurus, Financial.

surety bond

A legal instrument under which one party agrees to answer to another party for the debt, default, or failure to perform of a third party.
References in periodicals archive ?
When individual or schedule bonds are written, the amount of the bond for each person must represent not less than 10% of the funds handled (see Q 547 for a definition of "handle") by the named individual or by the person in the named position.