performance bond
noun
Origin of performance bond
First recorded in 1935–40
Words nearby performance bond
perforin,
perform,
performance,
performance appraisal,
performance art,
performance bond,
performance indicator,
performance test,
performance-enhancing,
performative,
performing
British Dictionary definitions for performance bond
performance bond
noun
a bond given by a bank to a third party guaranteeing that if a specified customer fails to fulfil all the terms of a specified contract, the bank will be responsible for any loss sustained by the third party