Affidavit

Affidavit is defined as a written sworn statement of fact voluntarily made by a person under an oath or affirmation administered by a person authorized to do so by law. Such statement is witnessed as to the authenticity of that person's signature by a taker of oaths, such as a notary public or commissioner of oaths.

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Indemnity Bond

A bond that is intended to reimburse the holder for any actual or claimed loss caused by the issuer's conduct or another person's conduct is called indemnity bond. In other words, Indemnity is compensation for damages or loss. Indemnity, in the legal sense, may also refer to an exemption from liability for damages.

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