Last Updated:2025/11/22
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The contractor secured a performance bond before beginning the renovation to reassure the client that the work would be completed or compensated for if they defaulted.
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The contractor secured a performance bond before beginning the renovation to reassure the client that the work would be completed or compensated for if they defaulted.
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Related words
performance bond
Noun
Japanese Meaning
契約者が契約を履行することを保証するための保証金・保証契約。 / 万一、契約不履行の場合には、保証人が契約の履行を行うか、または損害賠償を行うことができる保証。
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