English Dictionary

performance bond

名詞

(law) A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.

日本語の意味

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。

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.

請負業者は改修工事を始める前に、契約の履行を保証し、履行不能の場合には保証会社が工事を完了するか保証限度まで損害を賠償する履行保証を確保して、発注者の不安を和らげた。

意味（1）

(law) A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.

performance bonds （ plural ）