A Credit Bond is a type of financial guarantee that is used to secure loans or credit facilities provided by banks or other financial institutions.
A Franchise Surety Bond is a type of surety bond that is required by some franchisors from their franchisees. It serves as a financial guarantee that the franchisee will fulfill their obligations and responsibilities as outlined in the franchise agreement.
A Performance Bond is a type of surety bond issued by a Surety company to guarantee satisfactory completion of a project by a contractor. In the event that the contractor fails to perform according to the terms of the contract, the bond provides financial compensation to the project owner to cover any resulting losses or damages.