In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds. Bonds can be in mutual funds or can be in private investing where a person would give a loan to a company or the government.
The bond is a debt security, under which the issuer owes the holders a debt and (depending on the terms of the bond) is obliged to pay them interest (the coupon) or to repay the principal at later date, termed the maturity date. Interest is usually payable at fixed intervals (semiannual, annual, sometimes monthly).
Different surety needs are met by different classes of surety bonds. Estrada & Associates Insurance has years of experience serving contractors and businesses big and small giving us the complete understanding of contracts needed to help your company grow. We deal only with the most trusted sureties and have a proven record of placing bonds for business owners and contractors new to bonded work to the most difficult bonds for hazardous work to owners with inexperience on larger projects and those with financial difficulties.
At Estrada & Associates Insurance, we specialize in providing Texas and New Mexico small and large businesses with the following types of bonds:
Guarantees that an entity awarded a contract will meet its obligations under that contract. Included in this group are bid bonds, performance bonds, payment bonds, maintenance bonds and supply bonds.
Guarantee that developers will make certain "offsite" or "public" land improvements per state, county or municipal specifications.
Commercial Surety Bonds
Can guarantee a variety of business obligations that require surety bonds. Commercial Surety Bonds include all non-contract surety bonds, including numerous types of license and permit, miscellaneous and court bonds.
License & Permit Bonds
Guarantee that individuals granted a license or permit to operate a business or to exercise a privilege will meet the obligations under that license or permit.
Guarantees that an individual will comply with the terms of the court. This includes probate and fiduciary bonds and immigration bonds.
Texas & New Mexico bonds are designed to provide guarantees for work or services to be performed. The agents at Estrada & Associates Insurance can provide a wide range of bonds to find the right fit for your business. Contact us to find out more about surety bonds in El Paso, Texas and its surrounding areas.
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