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Posted On: 01/13/2022 4:54:02 PM
Post# of 148899
Very true. One doesn't pay the full value of the bond to get the bond. Bond is like insurance. The Bonding Company holds the liability to fulfill the bondee's obligations should the bondee fail to do so. The business model is that the bondee will do what they're supposed to do and the bonding company books the small percentage they collect as a fee for providing their services.
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