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Definisjon av performance bond

Vi fant 2 definisjoner av performance bond på engelsk.

Annonsering

WordNet WordNet by Princeton University

Noun
performance bond - a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
surety bond
= synonym
= antonym
= relatert ord

Wiktionary Wiktionary dictionary logo

Substantiv
performance bond - 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.

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