Definition of performance bond

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TeachMeFinance.com - explain performance bond



performance bond -- a bond issued to guarantee performance of certain specified acts, such as the completion of construction of a property.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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