What does utility bond mean?
Definitions for utility bond
util·ity bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word utility bond.
Princeton's WordNet
utility bond, utility revenue bondnoun
a bond issued to finance the construction of public utility services
ChatGPT
utility bond
A utility bond is a type of surety bond that utility companies require from businesses to ensure the payment of utility bills. This bond works as a contract between three parties: the utility company (the obligee), the business (the principal), and the insurance or bond company (the surety). If the business fails to pay its utility bills, the utility company can make a claim against the bond to recover the unpaid expenses.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of utility bond in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of utility bond in Pythagorean Numerology is: 7
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"utility bond." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/utility+bond>.
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