performance bond

Also it has to post large performance bonds for some projects.

No company would insure the building against loss, or provide performance bonds during construction.

The winner would have to post a $5 million performance bond.

This debt would have to take second place to this performance bond.

They are often required in conjunction with performance bonds.

Third, it guarantees performance bonds that the contractor will complete the work as contracted.

Note that individual brokers may require different margin amounts (also called performance bonds).

Failure to meet programme promises could mean losing all or part of a substantial performance bond.

He could not produce the $15,000 performance bond, which was required by the league prior to the start of the season.

It also prevents Iraq from claiming performance bonds put up by foreign companies that could not complete their contracts because of sanctions.

The performance bond is merely to protect our clients."

In essence, the working capital guarantee enabled a performance bond to be issued which the project requires.

Eighteen international teams were asked to submit a letter of credit for a $250,000 performance bond.

A performance bond had to be submitted which the municipality could draw if the company failed to pay the fines.

This is a type of performance bond.

On United States futures exchanges, margins were formerly called performance bonds.

He had to start service in 30 days or he would forfeit his $50,000 performance bond.

In many cases, an outside insurer will issue a performance bond to guarantee timely completion of the project by the contractor.

With no performance bond to insure compliance, the school reneged on its promises regarding maintenance.

In the futures markets, margins are performance bonds or earnest money to guarantee completion of the contract's terms.

Banks were also involved, providing the deposits and performance bonds required by the government, in exchange for a cut of the enormous profits generated.

An injunction and/or performance bond ensures that there is something to seize in the event of a guilty verdict.

Sort of as a performance bond.

Also referred to as performance bond margin.

It said performance bonds, which are already required of some developers to assure maintenance, should be increased to assure other services.