Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Performance Bond |
Performance BondNoun1. A bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definitions |
Building & Civil Engineering | The security furnished by the contractor to guarantee the completion of the work in accordance with the terms of the contract. Source: European Union. (references) |
Environment | Cash or securities deposited before a landfill operating permit is issued, which are held to ensure that all requirements for operating ad subsequently closing the landfill are faithful performed. The money is returned to the owner after proper closure of the landfill is completed. If contamination or other problems appear at any time during operation, or upon closure, and are not addressed, the owner must forfeit all or part of the bond which is then used to cover clean-up costs. (references) |
Finance | A bond issued to guarantee performance of certain specified acts, such as the completion of construction of a property. (references) |
Source: compiled by the editor from various references; see credits. | |
Synonym: Performance BondSynonym: surety bond (n). (additional references) |
Crosswords: Performance Bond |
| English words defined with "performance bond": Re-demption. (references) |
| Specialty definitions using "performance bond": ASSISTANT BRANCH MANAGER, FINANCIAL INSTITUTION. (references) |
| Subject | Topic | Quote |
Business | However, in the telecommunications sector, many new entrants are subject to a performance bond to receive a license necessary to operate. (references) | |
Public sector companies generally also require a performance bond equal to 10 percent of the contract, releasable upon completion of the contract. (references) | ||
To avoid delays in obtaining release of the performance bond, the contract must be formally amended if the buyer requests any change in delivery terms or specifications. (references) | ||
Economic History | Syria | Before a letter of credit (L/C) is opened, the supplier must submit a 10% performance bond. (references) |
Nigeria | Under the manufacturing in-bond program, a performance bond is discharged upon evidence of product export and repatriation of foreign exchange earnings. (references) | |
Nicaragua | All procurement offers must be accompanied by a performance bond equivalent to 1 to 3 percent of the bid offer value. (references) | |
Political Economy | NIGERIA | The performance bond is discharged upon evidence of product exportation and repatriation of foreign exchange. (references) |
Trade | Syria | For its contracts, the Syrian government will open an L/C only after the contractor has posted a five to ten percent performance bond (as indicated by the bid documents) to ensure that goods will be delivered within the stated time of delivery, free of defects, and identical to the offer in both quality and quantity. (references) |
India | If there are delays beyond these time limits, investors seek release of shipments anyway, preferably against a performance bond, since bank guarantees are more expensive. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
performance bond | 494 |
payment and performance bond | 30 |
construction performance bond | 4 |
| Source: compiled by the editor from various references; see credits. | |
| Language | Translations for "performance bond"; alternative meanings/domain in parentheses. | ||||||||||||||||||||||||||||
Danish | sikkerhed for opfyldelse, sikkerhed for gennemfoerelse, opfyldelsesgaranti, kontraktopfyldelsesgaranti (bond guaranteeing satisfactory performance of the contract), garanti for gennemfoerelse. (various references) | ||||||||||||||||||||||||||||
Dutch | zekerheidsstelling voor de uitvoering van het werk, uitvoeringsborgtocht, ten behoeve van het gedekte contract gestelde uitvoeringsgarantie. (various references) | ||||||||||||||||||||||||||||
Finnish | toimitustakaus. (various references) | ||||||||||||||||||||||||||||
French | garantie de bonne exécution (performance guarantee), engagement de caution de bonne exécution, cautionnement définitif, bon de garantie d'exécution. (various references) | ||||||||||||||||||||||||||||
German | Vertragserfüllungsgarantie (bond guaranteeing satisfactory performance of the contract), Durchfuehrungsgarantie, Ausfuehrungs-Sicherheit. (various references) | ||||||||||||||||||||||||||||
Greek | εγγύησις καλής εκτελέσεως, εγγύηση καλής εκτέλεσης συμβάσεως εργολαβίας, εγγύηση καλής εκτέλεσης (guarantee, guarantee deposit, guarantee in the form of deposits as collateral, surety, surety bond, suretyship). (various references) | ||||||||||||||||||||||||||||
Italian | garanzia di esecuzione, garanzia di buona esecuzione (performance guarantee), fideiussione prestata a fini di buona esecuzione, fideiussione (contract involving a guarantee, contract of guarantee, contract of guaranty, deed of contract, deposit, guarantee, guarantee agreement, guarantee deposit, guaranty, security), cauzione definitiva. (various references) | ||||||||||||||||||||||||||||
Pig Latin | erformancepay ondbay proeza (accomplishments, exploit, feat, prowess, trick), garantia para prestação de serviços, caução de garantia (deposit, initial margin, margin requirement, provision). (various references) закладная выполнения обязательств. (various references) garantía de buena ejecución, fianza de cumplimiento de contrato. (various references) utförandegaranti. (various references) | ||||||||||||||||||||||||||||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-b-c-d-e-e-f-m-n-n-o-o-p-r-r" | |
-4 letters: performance. | |
-5 letters: coenamored, compradore, promenader, reprobance, ropedancer. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)50 65 72 66 6F 72 6D 61 6E 63 65 42 6F 6E 64 |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01010000 01100101 01110010 01100110 01101111 01110010 01101101 01100001 01101110 01100011 01100101 00100000 01000010 01101111 01101110 01100100 |
HTML Code (1990) (references)P e r f o r m a n c e   B o n d |
ISO 10646 (1991-1993) (references)0050 0065 0072 0066 006F 0072 006D 0061 006E 0063 0065 0042 006F 006E 0064 |
Encryption (beginner's substitution cypher): (references)5071847281847967806971236818070 |
| 1. Definition 2. Synonyms 3. Crosswords 4. Quotations: Non-fiction | 5. Expressions: Internet 6. Translations: Modern 7. Anagrams 8. Orthography | 9. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
