on demand performance bond
- on demand performance bond
-
United Kingdom
An on demand performance bond (also sometimes called a performance guarantee) involving an independent payment obligation, to be issued in letter form, typically by a bank.
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… … Black's law dictionary
bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in … Financial and business terms
Bond — Bonds are debt and are issued for a period of more than one year. The U.S. government, local governments, water districts, companies and many other types of institutions sell bonds. When an investor buys bonds, he or she is lending money. The… … Financial and business terms
Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… … Wikipedia
Demand guarantee — In English writings, traditionally the term “guarantee” denotes an accessory (secondary) or “conditional” type of obligation. The essence of the instrument is the promise to answer for the duty of another should the other default. The beneficiary … Wikipedia
James Bond (character) — 007 redirects here. For other uses, see 007 (disambiguation). This article is about James Bond, the character. For the spy series in general, see James Bond. For the film series, see James Bond in film. For the novels, see James Bond novels. For… … Wikipedia
James Bond (film series) — The James Bond film series are spy films inspired by Ian Fleming s novels about the fictional MI6 agent Commander James Bond (codename 007). EON Productions have produced twenty one films between 1962 and 2006, and another film is planned for… … Wikipedia
Access Bank Nigerian Government Bond Index — The Access Bank Nigerian Government Bond Index is a liquid index that was created to ensure that there exists credible data on the Nigerian sovereign bond market which will help the investors and other stakeholders to make informed investment… … Wikipedia
David Hoyle (performance artist) — David Hoyle Hoyle in character as The Divine David , 2000. Born Blackpool, Lancashire, England Occupation Performance artist, Actor, Comedian … Wikipedia