Illinois Bond-Sureties Waived is a type of bond that is issued by the State of Illinois. It is a type of guarantee that can be used to protect creditors and other parties who are involved in a transaction. The bond is issued to a party who is willing to waive their right to demand a surety bond from another party in order to complete a transaction. This type of bond can be used in a variety of different situations such as business contracts, real estate transactions, and other types of contracts. There are two types of Illinois Bond-Sureties Waived: Surety Waiver Bond and Waiver of Indemnity Bond. The Surety Waiver Bond is a guarantee of payment to the surety in the event of a breach of contract or other legal action. The Waiver of Indemnity Bond is a guarantee that the surety will not be held responsible for any damages or losses that may occur as a result of the transaction.