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performance bond

/pərˈfɔːrməns bɒnd/

翻译: 履约保证;由银行或保险公司出具的财务担保,保证承包商或供应商履行合同义务,如未履行则由担保方赔偿业主损失。

1 个条目

phrase

/pərˈfɔːrməns bɒnd/C1formalbusiness
  • zh履约保证;由银行或保险公司出具的财务担保,保证承包商或供应商履行合同义务,如未履行则由担保方赔偿业主损失。

A financial guarantee, typically issued by a bank or insurance company, ensuring that a contractor or supplier will fulfill the terms of a contract; if the obligations are not met, the bond compensates the project owner for losses.

  1. Financial guaranteeC1formal

    A surety bond issued by a bank or insurance company to guarantee that a contractor will complete a project according to the terms of the contract.

    zh履约保证

    • The construction company had to provide a performance bond before starting the project.
    • If the contractor fails to deliver, the client can claim against the performance bond.
    • The bank issued a performance bond worth 10% of the contract value.