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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.
Definition source: English Wiktionary via Wiktextract
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: surety bond
Antonyms: none provided
Broader terms: bond, bond certificate
No etymology was provided for this word.
Across languages
Translations
5 source translations are retained for this English entry.
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Dutch:
dwangsom
— a contractor's bond
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German:
Erfüllungsgarantie
— a contractor's bond
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Russian:
гара́нтия исполне́ния обяза́тельств
(garántija ispolnénija objazátelʹstv)
— a contractor's bond
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Spanish:
fianza de cumplimiento
— a contractor's bond
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Tagalog:
panagot-ganap
— a contractor's bond