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Meanings of contract bond in English

Spanish
fianza de cumplimiento de contrato

Legal contract that protects a client from a contractor's insolvency or other failure to perform.

        fianza de cumplimiento de contrato
        Synonyms
        Examples for "performance bond"
        Examples for "performance bond"
        1
        He says the performance bond was not overtly a gag clause, but it was concerning.
        Radio NZ
        2
        In the event of a fine, "senior management and the material risk-takers would forfeit their performance bond," he said.
        Reuters
        3
        The " performance bond" worth $250,000 is freed once competitors have entered the first leg.
        The Irish Times
        4
        Ministers have denied that the companies are being bailed out, saying they will lose a £165m performance bond and face other penalties.
        The Guardian
        5
        A performance bond with a maximum limit of €20m has been agreed, and Boundary will guarantee this on behalf of Synchrony.
        The Irish Times
        Usage of contract bond in English
        1
        In the absence of a liquid CDS contract , bond investors have helplessly watched wild fluctuations in some bond prices.
        Reuters
        Translations for contract bond