Performance Bond
Definition of "Performance bond"
A bond, also known as a completion bond, given by a contractor and issued by an insurance company to guarantee the completion of contracted work. Public authorities often require a performance bond prior to granting a contract for work to be completed.
Popular Real Estate Terms
Drawing for the entire structure or part of it that is detailed and in scale so that engineers and construction workers may readily follow it. ...
See buy-back. ...
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