performance bond
performance bond · performance bonds
гарантия исполнения обязательств
Erfüllungsgarantie
A contractor's bond, guaranteeing that the contractor will perform the contract and…A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.
Meaning
1 sensesA contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.
Erfüllungsgarantie
гара́нтия исполне́ния обяза́тельствgarántija ispolnénija objazátelʹstv
More definitions
- 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
Translations
3 languagesРусский
By meaning 1
a contractor's bond:
Deutsch
By meaning 1
a contractor's bond:
Forms
plural: performance bonds| Singular | performance bond |
|---|---|
| Plural | performance bonds |
regular
Synonyms
1 synonymsClose in meaning
- 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:surety bond