What is the meaning of performance bond?

noun

  • 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.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). performance bond. Retrieved September 21, 2026, from http://smartdefine.org/performance_bond/definitions/1242884
ChicagoWordNet. 2010. "performance bond" http://smartdefine.org/performance_bond/definitions/1242884 (accessed September 21, 2026).
HarvardWordNet 2010, performance bond, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/performance_bond/definitions/1242884>.
MLAWordNet. "performance bond" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/performance_bond/definitions/1242884>
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