Manual article review is required for this article
Manual article review is required for this article
Manual article review is required for this article
Manual article review is required for this article
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Produced By-When a guaranty problems an efficiency bond, it ensures that the principal (the event that buys the bond) will fulfill their obligations under the bond's terms. If the principal stops working to meet these responsibilities and defaults on the bond, the surety is accountable for covering any type of losses or problems that result.1. Loss