performance bond

[ per-fawr-muhns bond ]

/ pərˈfɔr məns ˌbɒnd /

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noun

an indemnity agreement or bond, usually issued by a bank or insurance company, to protect against loss due to breach of contract.

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Also called con·tract bond .

Origin of performance bond

First recorded in 1935–40

Words nearby performance bond

perforin, perform, performance, performance appraisal, performance art, performance bond, performance capture, performance-enhancing, performance indicator, performance test, performative

How to use performance bond in a sentence

But yes, I pictured a James Bond-type just sauntering over to her.
‘Archer’ Creator Adam Reed Spills Season 6 Secrets, From Surreal Plotlines to Life Post-ISIS|Marlow Stern|January 8, 2015|DAILY BEAST
He throws every fiber of his being into each performance, altering his posture, elocution, temperament, and more.
Oscars 2015: The Daily Beast’s Picks, From Scarlett Johansson to ‘Boyhood’|Marlow Stern|January 6, 2015|DAILY BEAST
The hope was that greater transparency about performance would drive results.
The ‘No Child’ Rewrite Threatens Your Kids’ Future|Jonah Edelman|January 3, 2015|DAILY BEAST
Tony Shalhoub, Act One Sometimes you realize the power of a performance only when it remains in your mind many months later.
Hedwig, Hugh & Michael Cera: 12 Powerhouse Theater Performances of 2014|Janice Kaplan|December 31, 2014|DAILY BEAST

Having graduated Juilliard last spring, Alex Sharp is too young to have given the performance of a lifetime.
Hedwig, Hugh & Michael Cera: 12 Powerhouse Theater Performances of 2014|Janice Kaplan|December 31, 2014|DAILY BEAST
When the days were fine, Jean in his basket assisted at the dramatic performance in the market-place.
The Joyous Adventures of Aristide Pujol|William J. Locke
I have written to her, and to Mrs. Coningsby; and she is perfectly free: every bond is relinquished, but that of the heart.
The Pastor's Fire-side Vol. 3 of 4|Jane Porter
Men's probable actions are calculated by the law of reason; but their performance is usually the result of caprice.
The Pastor's Fire-side Vol. 3 of 4|Jane Porter
I thought we were in for an encore performance, but gradually the uproar died away, and by midnight all was quiet.
Gallipoli Diary, Volume I|Ian Hamilton
The promises of Bellamy and Planner were as far from fulfilment as ever; their performance as vigorous and disastrous as at first.
Blackwood's Edinburgh Magazine, No. CCCXXXIX. January, 1844. Vol. LV.|Various

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

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012