Surety Bonds 101 - Government Bonds

• U.S. Government bonds as the name implies guarantee the obligations to the federal government with the two main types being:
  • Customs Bonds - guarantee the payment of custom duties on goods by the responsible parties. (International Bond & Marine)
  • Excise Tax Bonds - guarantee that the dealers and manufacturers of products such as alcohol, and cigarette will pay the federal taxes that accrue on these items.