Performance Guarantees

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 . 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Guarantees —   (payment)   Refer instead to Payment guarantees.   (performance)   Refer instead to Performance guarantees …   International financial encyclopaedia

  • performance bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. performance bond n …   Law dictionary

  • performance guarantee — See performance bond. Related links Bonds, guarantees and standby credits: overview …   Law dictionary

  • performance — The fulfillment or accomplishment of a promise, contract, or other obligation according to its terms, relieving such person of all further obligation or liability thereunder. See also execute execution part performance payment; substantial… …   Black's law dictionary

  • Performance bond — A performance bond is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. A job requiring a payment performance bond will usually require a bid bond, to bid the job. When the… …   Wikipedia

  • Guarantees — 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… …   The Collaborative International Dictionary of English

  • performance bond margin — The amount of money deposited by both buyer and seller of a futures contract or an options seller to ensure performance of the term of the contract. Margin in commodities is not a payment of equity or down payment on the commodity itself, but… …   Financial and business terms

  • performance bond — A type of contractors bond; a bond which guarantees that the contractor will perform the contract, and usually provides that if the contractor defaults and fails to complete the contract, the surety can itself complete the contract or pay damages …   Ballentine's law dictionary

  • Uniform Rules For Demand Guarantees - URDG — A set of rules developed by the International Chamber of Commerce (ICC) and adopted in 1992. URDG provides a framework for harmonizing international trading practices and establishes agreed upon rules for independent guarantees and counter… …   Investment dictionary

  • becoming + performance art —    by Adrian Parr   The early era of performance art from the mid 1960s and through the 1970s included such figures as Allan Kaprow, Vito Acconci, Bruce Nauman, Chris Burden, Adrian Piper, Laurie Anderson, Lacy and Labowitz, Hannah Wilke, Carolee …   The Deleuze dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”