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Answers: Bonded means you hold had your credit and work history investigated and found to hold no fraud, financial embezzlement, or crime surrounded by your background. Generally the company you work for have insured you against any mistakes you might make at the work such as simple human error while serving the duties you are delegated to do. The company will be covered financially against regulation suits or financial loss committed by you in a crime.
You will across the world have to steep out a questionaire from the bonding company asking about your personal and business history. Then the investigation begin. Not everybody is bondable, especially if you have committed severe crimes or publically published crimes.
It system, that there is a bond contained by place. A bond is a guarantee from the insurance company, to one specific party, that you will or will not do something, and the cost amount is pre-determined.
It doesn't transfer from one soul to another, and it doesn't "cover" you like insurance.
It's collectively referring to a surety bond which makes you liable to complete an requisite at the risk of losing your bond if you fail to complete it. Usually used surrounded by a construction or subcontractor setting to protect a third party resembling a landlord.
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