Notarial Bonds
Notarial covering bond
A “covering bond” is a bond that are to secure present/existing or future obligation or present/existing as well as future obligations The difference between an ordinary notarial bond and a covering bond is that, whereas the latter provides for both current and future debts and former provides only for present debts.
Notarial debenture bond
A company grants a notarial debenture bond as security for debentures that are issued by the company. This notarial bond seeks to secure the obligations of a company towards the holders of debentures.
Notarial indemnity bond
A notarial indemnity bond is a type of surety bond, however, unlike a notarial surety bond, the obligation is a primary and not a secondary one.
Notarial surety bond
The surety provides security for the debt or obligation of someone else.
Ordinary Notarial Bond
An ordinary notarial bond is used to secure the debtor’s existing obligations in terms of, for example, goods sold and delivered or services rendered.