An insurance bond used by mortgage providers as an additional measure of security to cover loan amounts worth about 75% o the value of the property. This bond protects lenders from loss should the borrower default on a loan.
Related information about indemnity bond:
- VR MVR92A
09/12). REQUIREMENTS/INSTRUCTIONS FOR OBTAINING TITLE BY FILING AN. INDEMNITY BOND. THE DIVISION HAS THE RIGHT TO REJECT ANY BOND ...
- What Is an Indemnity Bond? | eHow.com
What Is an Indemnity Bond?. An indemnity bond is, at its basic level, a type of insurance policy that ensures one party to a contract will perform as required.
- What are indemnity bonds
Indemnity Bond for Lost Instruments ... Before issuing a duplicate, the originating bank, company or corporation will require an Indemnity Bond to protect it ...
- Indemnity Bonds - Surety Bonds
An indemnity bond is a bond that is intended to reimburse the holder for any actual or claimed loss caused by the issuer's conduct or another person's conduct.
- What is an indemnity bond? | Answerbag
It's a bond to repay a lender in the event of a shortfall in a loan repayment. For example, in real estate, a lender may require an indemnity bond in ...
- PRIVATE DISCHARGE AND INDEMNITY BOND
PRIVATE DISCHARGE AND INDEMNITY BOND. Home · [FOR THE CLAIM OF THE ATLAN] · Knowledge of the Existence of Atlan given to Pope Benedict XVI ...
- What is indemnity bond? definition and meaning
Definition of indemnity bond: A bond that promises to indemnify the obligee against losses stemming from the principal's failure to perform.
- indemnity bond - Insurance Glossary
indemnity bond - A bond indemnifying an obligee against loss that arises as a result of a failure on the part of a principal to perform as required.