performance bond

per·for·mance bond

P p

Definitions of performance bond words

noun performance bond contract bond. 1
noun performance bond bond insuring that contracted work will be completed 1
noun performance bond 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 0

before 1935

One of the 8% newest English words

First recorded in 1935-40

noun

adjective

verb

adverb

pronoun

preposition

conjunction

determiner

exclamation

This term is known only to a narrow circle of people with rare knowledge. Only 5% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

This diagram is provided by Google Ngram Viewer

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