Security bond by Surety
| Updated at | March 2010 |
BY THIS BOND Mr.............. residing at..................................... hereinafter referred to as the 'Surety' acknowledges himself to be bound to Mr. B hereinafter referred to as the 'Creditor' in the sum of Rs....................... lent and advanced by the Creditor to Mr. C residing at... the Debtor, with interest thereon at the rate of Rs... percent per annum from the date hereof till payment.
WHEREAS the Creditor has lent and advanced to Mr. C the Debtor above-named a sum of Rs... repayable by him with interest thereon at the rate of Rs... per cent per annum.
AND WHEREAS the said amount has been advanced against the surety giving a guarantee for repayment of the said amount by the said Debtor and...
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