performance bonds

A form of performance bond — A contractor's bond, guaranteeing 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.

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Meanings

noun
  1. pluralplural of performance bond
Cite this entry
APA

performance bonds. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/performance%20bonds

MLA

“performance bonds.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/performance%20bonds. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “performance bonds,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/performance%20bonds.

Source: performance bonds on Wiktionary, CC BY-SA 4.0.