performance bond

(Pronunciation -تلفظ سنیۓ ) US:

Slow

Normal

Noun: performance bond

1. performance bond [ Synonyms: surety bond]
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

Generic Words:

bond, bond certificate

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- a solemn commitment of your life or your time to some cherished purpose (to a service or a goal)

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