Question

This type of bond covers streets, sidewalks, sewers, etc.:

Option 1: License Bond
Option 2: Permit Bond
Option 3: Public Official Bond
Option 4: Subdivision Bond

Answer 1

A subdivision bond is a type of municipal bond that is issued by a city or local government to ensure that the developer of a subdivision completes all necessary infrastructure, such as streets, sidewalks, and sewers, before transferring ownership of the property to the buyers.

Step-by-step explanation:

This type of bond that covers streets, sidewalks, sewers, etc. is called a Subdivision Bond. A subdivision bond is a type of municipal bond that is issued by a city or local government to ensure that the developer of a subdivision completes all necessary infrastructure, such as streets, sidewalks, and sewers, before transferring ownership of the property to the buyers. It serves as a guarantee to protect the interests of the homebuyers and the community.