What are my non-cash deposit options?
Non-domestic customers have three alternatives to paying a cash security deposit:
Surety Bond: A surety bond is a form of security where the bonding insurance company guarantees to cover the default or debt of another.
Irrevocable Letter of Credit: This agreement with a financial institution ensures security if the customer defaults.
Certificate of Deposit (CD): A CD is a financial product where you deposit a sum for a fixed term.
Please contact us for further details.
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