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The cost of the bond depends on the type of bond, the risk involved, its term and the principal’s credit history.
Type: The type of the bond is a decisive factor. Some type of Surety bonds are priced higher than others.
Risk: The risk associated with the bond. The higher the risk, the higher will be the cost.
Term: Cost will be decided on the time frame of the bond.
Credit history: Poor personal and professional financial history will attract higher costs.
