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imported>Doug Williamson |
imported>Doug Williamson |
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| ''Trade finance.''
| | [[Open market operations]]. |
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| A trade finance bond issued as part of a contract tendering (bidding) process.
| | [[Category:Accounting,_tax_and_regulation]] |
| | | [[Category:The_business_context]] |
| The bid bond is issued by a bank or insurance company to the potential customer, to protect the customer against a contractor's failure to sign a contract in accordance with the terms of the tender.
| | [[Category:Financial_products_and_markets]] |
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| == See also ==
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| * [[Bid]]
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| * [[Guarantee]]
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| * [[Performance bond]]
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| * [[Retention bond]]
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| * [[Surety bond]]
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| [[Category:Trade_finance]] | |
Latest revision as of 05:07, 27 June 2022
