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Definitions and Synonyms of performance bond | Another word for performance bond | What is performance bond?

Definition 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 - [noun denoting possession]

Synonyms for performance bond in the sense of this definition

(performance bond is a kind of ...) a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal

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