| 词汇 | completion-bond |
| 释义 | completion bond noun[ C ] ukus INSURANCE a promise by an insurance company to the person or financial organization financing a project that it will provide the money needed to complete the project, even if something unexpected happens. Completion bonds are often used for projects such as film production and building construction, which take a long time to complete: He needs a completion bond which guarantees the banks that it will pay all cost overruns necessary to finish the movie. Examples of completion bondcompletion bond The parties to the completionbond agreement are typically the producer, the financier(s), the completion guarantor company and the distributor(s). From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The producers maintained the star had gone insane, and they collected a large sum from the completionbond company. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. For these reasons, completion bonds are typically used on mid- to high-budget independent films. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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