# Surety Bonds 101 - The Surety Company & The Surety Bond

Source: https://a1suretybonds.com/learning-center/the-surety-company-and-bond

- The [Surety](http://www.a1suretybonds.com) is a neutral 3rd party guarantor, providing financial assurance to the Obligee that the Principal will comply with all terms, complete a project according to the underlying contract or agreement, pay all required taxes, fines, wages, suppliers, laborers, or other bills in accordance with an underlying contract or statute of a state, county, city, town, township, or municipality.
- The Surety “extends” credit on the Principals behalf to the Obligee; based upon the credit worthiness and financial worthiness of the Principal

[The Principal](https://a1suretybonds.com/learning-center/the-principal)

[The Obligee](https://a1suretybonds.com/learning-center/the-obligee)

Surety Bonds 101 - The Surety Company & The Surety Bond

---
A1 Surety Bonds (The Surety Syndicate, LLC), a nationwide surety bond agency · (800) 737-4880 · info@a1suretybonds.com · https://a1suretybonds.com
Requirements are set by each state or agency and can change; the obligee's current instructions and the law control.