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Performance bond   /pərfˈɔrməns bɑnd/   Listen
Performance bond

noun
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.  Synonym: surety bond.






WordNet 3.0 © 2010 Princeton University








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Words linked to "Performance bond" :   bond certificate, bond



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