Bid bond: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with new Surety bond page.) |
imported>Doug Williamson (Added trade finance header and reworded to state this is a trade finance bond to bring in line with Performance bond) |
||
| Line 1: | Line 1: | ||
A | ''Trade finance.'' | ||
A trade finance bond issued by a bank or insurance company to a potential customer against a tenderer's failure to sign a contract in accordance with the terms of the tender. | |||
Revision as of 12:58, 21 March 2015
Trade finance.
A trade finance bond issued by a bank or insurance company to a potential customer against a tenderer's failure to sign a contract in accordance with the terms of the tender.
