performance bond


Definition: Meaning of, performance bond in English to English dictionary.

Pronunciation: / pəˈfɔːm(ə)ns bɒnd /

  • noun
  • synonym
  • antonym
Word Forms:
Singular Plural
performance bond performance bonds
  1. 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
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