Meaning Deposit Bond
What does Deposit Bond mean? Here you find 5 meanings of the word Deposit Bond. You can also add a definition of Deposit Bond yourself
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Deposit BondOffered by some lenders as an alternative to a cash deposit. Should be used with caution. It is also known as a deposit guarantee.
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Deposit BondA guarantee that the purchaser of a property will pay the full deposit by the due date. Institutions providing deposit bonds act as guarantor that payment will be made.
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Deposit BondCan be used in place of a deposit when a buyer exchanges contracts on a property. It guarantees that the buyer will pay the full deposit by an agreed date.
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Deposit BondCan be used in place of a deposit when a buyer exchanges contracts on a property. It guarantees that the buyer will pay the full deposit by an agreed date.
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Deposit BondA guarantee made by a financial institution that in the event the purchaser defaults from the Contract the financial institution guarantees to pay the 10% deposit owed to the Vendor. It is a financial [..]
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