Surety bonds
- Level
- Class
- Parent
- 64120000
- Below
- 2
- Links · KBLI
- 10
Definition
UNSPSC 64122400Surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a commercial contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.
Same parent
Under 64120000 · 6Activities that produce or sell this
KBLI · 10Inherited from family 64120000.
Warning
The links were generated with a large language model (Gemini 3.5 Flash), matching UNSPSC at the family level to KBLI at the kelompok level. Some of them maybe are wrong, so check any link you intend to rely on.