Customs and Border Protection Border Patrol Agent (CBP BPA) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success

When a principal defaults on a bond, the party that typically has the right to claim payment is the creditor. In the context of bonding, the principal is the entity that has entered into the agreement to perform certain obligations, such as fulfilling a contract or maintaining compliance with regulations. If they fail to meet these obligations—essentially defaulting—the creditor, who is the party owed money or a service under the contract or bond terms, would be the one to receive payment as compensation for any losses incurred.

The surety is usually involved in providing the bond and guarantees the performance of the principal; however, it is the creditor who has the direct interest in being compensated for the default. The importer's role in this scenario is more related to the transaction that required the bond rather than being a party to receive payment. Similarly, while the government may be a stakeholder in certain types of bonds, particularly those related to regulatory compliance, it is not the primary party that receives payment from the bond upon default. Therefore, it is the creditor who ultimately has the right to receive compensation when the principal defaults on a bond.