Meaning Of The Word Performance bond

Real Dictionary

What's the definition of Performance bond? Find Performance bond meanings, definitions and more at the Real Dictionary online.

Performance bond Meaning

Performance bond Definition
Performance bond Definition

What's The Definition Of Performance bond?

performance bond in American English
noun

performance bond in British English
noun: a bond given by a bank to a third party guaranteeing that if a specified customer fails to fulfil all the terms of a specified contract, the bank will be responsible for any loss sustained by the third party

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