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Lost document bonds are required in order to obtain replacement certificates (example: stock, debenture, warrant or bonds like Canada Savings Bonds), life insurance policies and other financial documents/instruments should an individual or company destroy or misplace the original - considered to be 'lost'.
This bond guarantees that if the original lost document is found, it will be returned to the surety company or obligee for proper disposal and that the issuer of the replacement security will not suffer an economic loss.
Examples of Lost Document Bonds are:
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Lost document bonds are required in order to obtain replacement certificates (example: stock, debenture, warrant or bonds like Canada Savings Bonds), life insurance policies and other financial documents/instruments should an individual or company destroy or misplace the original - considered to be 'lost'.
This bond guarantees that if the original lost document is found, it will be returned to the surety company or obligee for proper disposal and that the issuer of the replacement security will not suffer an economic loss.
Examples of Lost Document Bonds are:
Lost document bonds are required in order to obtain replacement certificates (example: stock, debenture, warrant or bonds like Canada Savings Bonds), life insurance policies and other financial documents/instruments should an individual or company destroy or misplace the original - considered to be 'lost'.
This bond guarantees that if the original lost document is found, it will be returned to the surety company or obligee for proper disposal and that the issuer of the replacement security will not suffer an economic loss.
Examples of Lost Document Bonds are: