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单词 indemnity bond
释义
  • Business

indemnity bondnoun [ C ]

ukusINSURANCE

a legal agreement in which a financial organization promises to make a payment to an organization that has lent money if they do not get the loan back:

Lenders reduce their risk by using indemnity bonds for mortgages over 70-80 % of the value of the property.
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更新时间:2024/12/23 14:10:58