BondAmt | The maximum monetary amount for which the surety may normally be held liable under the bond. (Sometimes also known as penalty amount). |
BondPct | The maximum amount for which the surety may normally be held liable under the bond based on a percentage of the contract price. |
EffectiveDt | This is an effective date, the explicit meaning of which is implied by its parent or its usage. |
Form | The Form aggregate is used to inform the receiver as to the exact nature of a form that is to be (or has been) attached to the contract. |
MaintenanceAmt | An amount representing the penalty limit associated with the maintenance portion of a performance bond. |
PaymentAmt | The payment amount. |
PremiumBilling | This aggregate contains all premium billing information for a particular transaction, i.e., premium monetary amounts, commissions, dates, etc. These are averages amounts when a graduated rate schedule is used. |
RateTypeCd | An industry code identifying the type Surety rate used. This element uses the Surety Association of America (SAA) code list. |
Rating | This aggregate contains all data elements necessary to properly apply company specific rates. |
SAAMaintenanceClassCd | An industry code that identifies the nature of a maintenance obligation on a performance bond and is used in compiling statistics on surety premiums written and losses incurred. The source of this code is the Surety Association of America (SAA). |
SpecialGuaranteesDesc | Description of long term guarantees that are covered under the contract. For example, you may have a performance obligation but you need to identify that there is a twenty-five year skylight guarantee. |
SuretyTermsTypeCd | Defines the type of bond, maintenance or guarantee provision that the term applies to. This element uses the SuretyTermsType code list. |