| NOUN | possession | performance bond, surety bond | a bond given to protect the recipient against loss in case the terms of a contract are not filled |
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| Meaning | 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. | |
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| Synonym | surety bond | |
| Broader | 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 |
| Spanish | aval de cumplimiento, fianza de cumplimiento, fianza de ejecución, garantía de buen fin, garantía del cumplimiento, garantía de pago | |
| Catalan | garantia de bon fi, garantia de compliment | |
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