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https://how-to-run-an-online-busi62739.is-blog.com/31853595/performance-bond-vs-repayment-bond-what-s-the-distinction written by-Erichsen WittSurety Bonds give a monetary guarantee to an obligee, such as a federal government firm or client. In this way, the obligee is protected against loss if the principal stops working to fulfill the regards to