Nearby words
perforin, perform, performance, performance appraisal, performance art, performance bond, performance indicator, performance test, performance-enhancing, performative, performing
Origin of performance bond
First recorded in 1935–40
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
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
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