Synonyms/Hypernyms (Ordered by Estimated Frequency) of noun performance_bond

1 sense of performance bond

Sense 1
performance bond, surety bond -- (a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance)
       => bond, bond certificate -- (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)