Bonding Company

Business, Legal & Accounting Glossary

Definition: Bonding Company


Bonding Company


Full Definition of Bonding Company


A financially entity, typically an insurance company, which assumes the risk of a surety bond obligee by guaranteeing payment on the bond in the event of a default or a failure of the obligee to perform its contracted services. Bonding arrangements are often sought by owners and contractors in the construction industry. Also called a surety company.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/bonding-company/
Modern Language Association (MLA):
Bonding Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/bonding-company/.
Chicago Manual of Style (CMS):
Bonding Company. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bonding-company/ (accessed: November 29, 2021).
American Psychological Association (APA):
Bonding Company. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/bonding-company/

Definition Sources


Definitions for Bonding Company are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.