performance bond
surety bond

The winner would have to post a $5 million performance bond.

Eighteen international teams were asked to submit a letter of credit for a $250,000 performance bond.

He could not produce the $15,000 performance bond, which was required by the league prior to the start of the season.

Note that individual brokers may require different margin amounts (also called performance bonds).

Also it has to post large performance bonds for some projects.

This debt would have to take second place to this performance bond.

He had to start service in 30 days or he would forfeit his $50,000 performance bond.

They are often required in conjunction with performance bonds.

No company would insure the building against loss, or provide performance bonds during construction.

Third, it guarantees performance bonds that the contractor will complete the work as contracted.