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Meanings of performance bond in English

Catalan
garantia de bon fi
Spanish
garantía del cumplimiento

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.

        garantia de bon fi
        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 "contract bond"
              Examples for "contract bond"
              1
              In the absence of a liquid CDS contract , bond investors have helplessly watched wild fluctuations in some bond prices.
              Reuters
              Usage of performance bond in English
              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
              6
              The Government is also liable for the £1.25 million performance bond pledged by Bord Failte when Ireland originally secured the rights to host the games.
              The Irish Times
              7
              Fianzas Monterrey, one of Mexico's largest surety lines company, offers administrative performance bonds primarily to clients in the construction and industrial sectors.
              Reuters