Term Gallery logo

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 "surety bond"
Examples for "surety bond"
1
So she came to us and used her grandmother's house as collateral for a surety bond.
Hard eight
2
Raleigh called Hunt to confirm that all the paperwork had gone through for the surety bond.
Zeitoun
3
New Mexico may demand a surety bond to guarantee roughly $360 million in future cleanup work.
Reuters
4
Self-bonding has allowed some financially-fit mining companies to forego costly financing, such as a surety bond, and leave future liabilities to taxpayers.
Reuters
5
In addition to security concerns more time is needed to arrange a surety bond of more than £6,000, he said.
The Guardian
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