See Also: Performance Bond(money)
Performance bond(finance)
Tight money or dear money(finance)
Bond Buyer's Municipal Bond Index(finance)
PERFORMANCE(law)
Pay for Performance(money)
performance(dictionary)
performance art(dictionary)
performance(dictionary)
performance(medicine)

Performance Bond (money)


Definition: Bond issued by an insurance company to guarantee the performance of work.

Definition: [crh] A surety bond between two parties, insuring one party against loss if the terms of a Definition: /?rd=contract">contract are not fulfilled. Usually part of a construction contract or supply agreement.