Defaulting On An Efficiency Bond Can Have Significant Financial Consequences.This Can Result In A Variety Of Economic Effects, Including:
Uploaded By-When a guaranty issues a performance bond, it guarantees that the principal (the event who buys the bond) will certainly meet their obligations under the bond's terms. If the primary fails to fulfill these responsibilities and defaults on the bond, the guaranty is accountable for covering any losses or damages that result.1. Loss of rep