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An obligation that is due within 12 months. Current Liabilities are important to surety bond underwriters. They are a large component of a Principal’s working capital which is the primary driver for many surety bond companies to determine a Principal’s bond capacity.

Vice President at Axcess Surety
Vice President of Axcess Surety. Surety Bond and financial expert dedicated to helping businesses and individuals understand and obtain surety credit.
Josh Carson
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