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performance bond
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performance bond

  a written promise from an insurance company, stating that if a given person does not complete work required under a contract, the insurer will pay someone else to complete the work or pay damages
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performance bond performance bonds
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Associated words [difficulty]:   performance bond , money order [5] , graveyard shift [7] , Information Technology (IT) [8] , loan shark [8] , on consignment [8] , petty cash [8] , promissory note [8] , fiscal year [9] , joint stock company [9] , negotiable instrument [9] , tax shelter [9] , trade association [9]
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Most commonly used in these subjects:   Business, Personal Finance, Law
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