Performance bond: Difference between revisions
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''Trade finance.'' | ''Trade finance.'' | ||
A bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract. | A performance bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract. | ||
Also known as a ''performance guarantee''. | |||
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* [[Bond]] | * [[Bond]] | ||
* [[Call]] | * [[Call]] | ||
* [[Guarantee]] | |||
* [[Indemnity]] | * [[Indemnity]] | ||
* [[Nature performance bond]] | |||
* [[Performance]] | * [[Performance]] | ||
* [[Performance guarantee]] | |||
* [[Retention bond]] | * [[Retention bond]] | ||
* [[Trade finance]] | * [[Trade finance]] | ||
[[Category:Trade_finance]] | [[Category:Trade_finance]] | ||
Latest revision as of 19:23, 4 March 2023
Trade finance.
A performance bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract.
Also known as a performance guarantee.
