Bid bond

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Revision as of 12:58, 21 March 2015 by imported>Doug Williamson (Added trade finance header and reworded to state this is a trade finance bond to bring in line with Performance bond)

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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.

See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Bid_bond&oldid=5185’

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