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CREDIT INSURANCE & SURETY BOND

CREDIT INSURANCE
Credit Insurance is a type of insurance that provides protection to banks / Non-Bank Financial Institutions from the risk of failure of debtors in paying off credit facilities or cash loans provided by banks / LKBB.

SURETY BOND
A form of agreement between Surety and the Principal, in which the first party (Surety) provides security for the second party (Principal) in the interest of the third party (Obligee).