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  3. the difference between a surety bond and a guarant

The difference between a surety bond and a guarantee is that: ...

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Finance

The difference between a surety bond and a guarantee is that:

A surety bond is issued by an insurance company and guarantees performance of the exporter while a guarantee is issued by a bank and compensates the importer in the event an exporter defaults on their contractual obligation

A surety bond is issued by a bank and guarantees performance of the exporter while a guarantee is issued by an insurance company and compensates the importer in the event an exporter defaults on their contractual obligation

A surety bond is issued by an insurance company and compensates the importer in the event an exporter defaults on their contractual obligation while a guarantee is issued by a bank and guarantees performance of the exporter

None of the above

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