- performance guarantee
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See performance bond.Related linksBonds, guarantees and standby credits: overview
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
performance guarantee
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performance guarantee — ➔ guarantee2 * * * performance guarantee UK US noun [C] ► COMMERCE GUARANTEE(Cf. ↑guarantee) noun: »This product comes with a one year performance guarantee. ► … Financial and business terms
Performance Guarantee (Bond) — ⇡ Vertragserfüllungsgarantie … Lexikon der Economics
performance bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. performance bond n … Law dictionary
guarantee — See guaranty. American Banker Glossary The assumption of responsibility for payment of a debt or performance of some obligation if the liable party fails to perform to expectations. Bloomberg Financial Dictionary Financial security required for… … Financial and business terms
Performance Guarantees — Guarantees issued concerning the due fulfilment on the part of a customer of his obligations to deliver a contracted performance. The amount of the performance guarantee is generally 10% of the contract amount … International financial encyclopaedia
guarantee — gua·ran·tee /ˌgar ən tē, ˌgär / n [probably alteration of guaranty] 1: guarantor 2: guaranty (1) 3: an assurance that a condition will be fulfilled: as … Law dictionary
guarantee — n Guarantee, guaranty, surety, security, bond, bail are comparable when they mean either something that is given or pledged as assurance of one s responsibility (as for the payment of a debt, the fulfillment of a promise or obligation, or the… … New Dictionary of Synonyms
Guarantee — Guar an*tee , n.; pl. {Guarantees}. [For guaranty, prob. influenced by words like assignee, lessee, etc. See {Guaranty}, and cf. {Warrantee}.] 1. In law and common usage: A promise to answer for the payment of some debt, or the performance of… … The Collaborative International Dictionary of English
Guarantee — Guar an*tee , v. t. [imp. & p. p. {guaranteed}; p, pr. & vb. n. {Guaranteeing}.] [From {Guarantee}, n.] In law and common usage: to undertake or engage for the payment of (a debt) or the performance of (a duty) by another person; to undertake to… … The Collaborative International Dictionary of English
Performance measurement — with a process is the complement to process execution. Based on measured performance, the feedback control loop may be closed. The metrics to assess performance is set according to a determined econometric model. The expected best result is… … Wikipedia
