performance bond

English

Noun

performance bond (plural performance bonds)

(law) 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.

Translations

a contractor's bond

Dutch: dwangsom (nl) f
German: Erfüllungsgarantie f
Russian: гара́нтия исполне́ния обяза́тельств f (garántija ispolnénija objazátelʹstv)

Spanish: fianza de cumplimiento f
Tagalog: panagot-ganap

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