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LSDefine

Simple English definitions for legal terms

bonding company

Read a random definition: judicial compensation

A quick definition of bonding company:

A bonding company is a type of company that helps protect people from losing money if someone else causes damage or harm. For example, if a contractor damages a property while working on it, the bonding company will pay for the damages instead of the property owner having to pay for it themselves. It's like having a safety net to catch you if something goes wrong.

A more thorough explanation:

A bonding company is a type of company that provides insurance to a party against a loss caused by a third party. For example, if a contractor is hired to do a job, the bonding company may provide insurance to the client in case the contractor fails to complete the job or causes damage to the property.

One example of a bonding company is Surety Company, which is authorized to enter into guaranty and suretyship contracts and act as a surety on bonds, such as bail, fidelity, and judicial bonds.

Another example is a Title Company, which examines real estate titles for any encumbrances, claims, or other flaws, and issues title insurance to protect the buyer or lender against any future claims or losses.

These examples illustrate how bonding companies provide a safety net for parties involved in a transaction, ensuring that they are protected against any potential losses caused by a third party.

bond for title | bond issue

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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