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Performance bond
(redirected from Completion bond)

   Also found in: Wikipedia 0.02 sec.
Performance bond
A surety bond between two parties, insuring one party against loss if the terms of a contract are not fulfilled. Usually part of a construction contract or supply agreement.


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Film Finances, a Los Angeles-based completion bond company, recently hired a 30-year video game industry veteran Tom Petit out of retirement to head its interactive entertainment group.
Since then he has remained active in the industry as a partner in Film Finances of Canada, a completion bond company he co-founded in the early 1980s.
for allegedly obtaining more money from the city than they actually used to secure a Performance and Completion Bond for the repair of the housing project.
 
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