performance bond

Questions

What does performance bond mean?

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.

How to pronounce performance bond

1. Open the pronunciation page — Open the Speakur entry for “performance bond”.
2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
3. Play the audio — Click Play to hear reference audio for “performance bond”.
4. Repeat and practice — Say “performance bond” aloud, matching stress and vowels until it feels natural.