In the context of a surety agreement,the party to whom performance has been promised and who receives the proceeds of the bond the promised obligation is not met,is called the

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The party who receives the proceeds of the bond if the promised obligation is not met is called the obligee. The principal is the party who promises to perform the obligation and the surety is the party who guarantees the performance of the principal's obligation. Fidelity refers to loyalty or faithfulness.

In the Context of a Surety Agreement,the Party to Whom