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surety bond - 2 dictionary results
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surety bond
- An insurance fee required before a duplicate security is issued to replace one that has been lost. The fee is approximately 4% of the market value of the security to be replaced.
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Copyright © 2003. Published by Houghton Mifflin.
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Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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