English Explanatory Dictionary

performance bond

English dictionary entry

Meanings

noun
  1. A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.

Word forms

performance bond performance bonds
This entry uses open data from Wiktionary (CC BY-SA/GFDL). Word forms are used for search and are not indexed as separate pages.
Back to search All on P Russian dictionary Dahl dictionary