what are the benefits available to a surety 
surety bonds provide a defense against false claims and act as clear cut representation when claims occur because surety bonds also lower risk for lenders they can reduce interest rates for borrowers the bottom linea surety is a person or party that takes responsibility for the debt default or other financial responsibilities of another party a surety is often used in contracts in which one party s financial holdings or well being are in question and the other party wants a guarantor surety bonds are financial instruments that tie the principal the obligee often a government entity and the surety in the case of surety bonds the surety is providing a line of credit to the principal so as to reassure the obligee that the principal will fulfill their side of the agreement 