What Does Personal Surety Mean

Personal surety means a person who does not meet the requirements to be a corporate surety. Sample 1. Save.

What does personal surety?

A guarantee provided by an individual for the acts of another person, rather than an insurer.

What is an example of a surety bond?

License and permit bonds are typically required before you can get your business license to operate. These bond types are also referred to as “commercial bonds” or “business bonds.” Examples of license and permit surety bonds include auto dealer bonds, mortgage broker bonds, and collection agency bonds.