What is PUBLIC OFFICIAL BOND?

This is a surety bond that is overseen by a principal. The company putting up the surety bond guarantees that this person will carry out their job by properly managing all of the funds.

More On This Topic



Link to This Definition
Did you find this definition of PUBLIC OFFICIAL BOND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary