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English-
translations for
performance bond
Definition of performance bond
A
contractor
's bond,
guarantee
ing that the contractor will
perform
the
contract
and providing that, in the event of
default
, the
surety
may complete the contract or pay
damages
up to the
bond
limit
Related words
performance
high-performance
nonperformance
underperformance
reperformance
non-performance
performance appraisal
performance metric
performance art
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