Performance bond: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Remove surplus text.) |
||
Line 2: | Line 2: | ||
A performance bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract. | A performance bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract. | ||
Line 18: | Line 14: | ||
* [[Nature performance bond]] | * [[Nature performance bond]] | ||
* [[Performance]] | * [[Performance]] | ||
* [[Performance guarantee]] | |||
* [[Retention bond]] | * [[Retention bond]] | ||
* [[Trade finance]] | * [[Trade finance]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] |
Latest revision as of 19:23, 4 March 2023
Trade finance.
A performance bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract.
Also known as a performance guarantee.