Miscellaneous bonds are bonds which are required in
order to obtain a business license. These miscellaneous
bonds are usually required by the state and federal
government. The miscellaneous bonds are annual bonds
which are required to renew every year. Miscellaneous
bonds includes license and permit bonds, court bonds.
Generally Miscellaneous Bonds guarantee the financial
performance. This bond ensures that in case of the default
the principal is responsible for the claim.