Legal contract that protects a client from a contractor's insolvency or other failure to perform.
Sinònims
Examples for "performance bond"
Examples for "performance bond"
1He says the performance bond was not overtly a gag clause, but it was concerning.
2In the event of a fine, "senior management and the material risk-takers would forfeit their performance bond," he said.
3The " performance bond" worth $250,000 is freed once competitors have entered the first leg.
4Ministers have denied that the companies are being bailed out, saying they will lose a £165m performance bond and face other penalties.
5A performance bond with a maximum limit of €20m has been agreed, and Boundary will guarantee this on behalf of Synchrony.
1In the absence of a liquid CDS contract , bond investors have helplessly watched wild fluctuations in some bond prices.
Translations for contract bond