"Performance bond" Definition
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 Glossary   >   P   >   "Performance bond" Definition   

        Performance bond

A form of guarantee, given by the seller in a contract, that in the event of the terms of the contract not being fulfilled, the buyer will be able to claim compensation in the form of money.

Performance bond


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Performance bond - A form of guarantee, given by the seller in a contract, that in the event of the terms of the contract not being fulfilled, the buyer will be able to claim compensation in the form of money.


Performance bond : a form of guarantee, given by the seller in a contract, that in the event of the terms of the contract not being fulfilled, the buyer will be able to claim compensation in the form of money.