Final answer:
The party responsible for reimbursing any losses to the surety from a bonding agreement is the Indemnitor. In corporate bonds, bondholders can take legal action if interest payments are not made.
Step-by-step explanation:
The party in a bonding agreement that may act as part of the bonding party and agrees to reimburse the surety for any loss it may suffer from having bonded the principal is the Indemnitor.
The Principal is the primary party who is obliged to perform contractual obligations, the Surety guarantees that those obligations are met, and the Obligee is the beneficiary of the bond. When it comes to corporate bonds, anyone who owns a bond and receives the interest payments is a bondholder, and they have the right to take the firm to court if promised interest payments are not made.