What happens when a performance bond is called?

Answer Banks and corporate organizations issue performance bonds to work as a security for the clients that the work will be satisfactorily finished on time; otherwise they would be compensated financiall... Read More »

Top Q&A For: What happens when a performance bond is called

What is a performance bond?

A performance bond is issued by a surety company to a client of contractor to guarantee that the contractor will complete the job as specified in the contract. If the contractor does not perform ac... Read More »

What is the definition of performance bond?

Banks and many major corporate organizations issue performance bonds to their clients to serve as an assurance and agreement that the contracts would be completed satisfactorily and on-time; else t... Read More »

What is a"cash performance bond"?

A cash performance bond is a bond given by one party to another, protecting the second party in the event the first party fails to fulfill the obligations of a mutual contract.References:All Busine... Read More »

How to Measure the Performance of Corporate Bond Ratings?

Corporate bond ratings are assigned to debt offered by corporations. The ratings are assigned by a ratings agency, the largest of which include Moody's, Standard & Poors and Fitch Ratings. The rati... Read More »