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词汇 contract-bond
释义 contract bond
noun[ C ]
 LAWukus(alsoperformance bond)
an official promise from an organization such as a bank or insurance company to pay money to a company if its contractor (= person or company doing work for it) does not complete a job successfully:
Contract bonds are used a lot in the construction industry.

Examples of contract bond


contract bond
There are also miscellaneous contract bonds that do not fall within the categories above, the most common of which are subdivision and supply bonds.
From
Wikipedia

This example is from Wikipedia and may be reused under a CC BY-SA license.
Contract bonds are not the same thing as contractor's license bonds, which may be required as part of a license.
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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