Class Bond

Class Bond – A type of surety bond that ensures a renovation will be made to a class. Even if settlement is not received to the Principal, it will be done. Normally these are for walkways as well as utilities. They are well known as Site Improvement Bonds, Developer Bonds or Plat Bonds.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.