/ɪnˈdɛmnɪti bɒnd/ – Noun
Definition: Bảo lãnh.
A more thorough explanation: a written guarantee given by a third party on behalf of another party to a contract that if that party does not meet its contractual obligations, the third party will cover any resulting costs
Example: The bank is entitled to require an indemnity bond from the municipality before acting on a “stop payment” order or paying a duplicate cheque.