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01:28 Apr 21, 2005 |
French to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Kalyani Menon India Local time: 13:54 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +2 | Performance bond |
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5 +1 | performance guarantee ; Performance security ;performance bond |
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Discussion entries: 1 | |
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Performance bond Explanation: http://www.investopedia.com/terms/p/performancebond.asp "A bond issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract. For example, a contractor may issue a bond to a client for whom a building is being constructed. If the contractor fails to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary loss." |
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4 hrs confidence: peer agreement (net): +1
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