- contract bond
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an indemnity agreement to protect against loss due to breach of contract. Cf. performance bond.
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Universalium. 2010.
contract bond
Look at other dictionaries:
contract bond — ➔ bond * * * contract bond UK US noun [C] (also performance bond) LAW ► an official promise from an organization such as a bank or insurance company to pay money to a company if its contractor (= person or company doing work for it) does not… … Financial and business terms
contract bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
contract bond — ˈkänˌtrakt noun : a bond or other form of indemnity agreement to indemnify one against loss or damage by reason of the breach of a contract (as for building, construction, or supply) * * * an indemnity agreement to protect against loss due to… … Useful english dictionary
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in … Financial and business terms
Bond — Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The… … Financial and business terms
Bond — /bond/, n. 1. Carrie (nee Jacobs), 1862 1946, U.S. songwriter and author. 2. Julian, born 1940, U.S. civil rights leader and politician. * * * I In construction, the systematic arrangement of bricks or other building units (e.g., concrete blocks … Universalium
Bond — Bond, bonds, bonded, and bonding may refer to:Fiduciary bonds*Bond (finance), in finance, a debt security, issued by Issuer **Government bond, a bond issued by a national government ***Government bond register, a register of bonds issued by a… … Wikipedia
