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Best practical technology (BPT) is legally required for all
Surety Agreement
A contract where one party (surety) guarantees the performance or obligations of a second party (principal) to a third party (obligee).
Collateral
A borrower's asset that is given to a lender to secure the repayment of a loan.
Default
The failure to fulfill an obligation, especially failing to pay back a loan on time.
Surety
is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.
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