performance bond in a sentence

Examples

1. Banks were also involved, providing the deposits and performance bonds required by the government, in exchange for a cut of the enormous profits generated.
2. For example, a contractor may cause a performance bond to be issued in favor of a client for whom the contractor is constructing a building.
3. The man was ordered deported in July 1991, but was released on cash and performance bonds and advised to report later for removal from Canada.
4. The company added that it was still in negotiations with the government over issues pertaining to liquidated ascertained damages and release of the performance bond.
5. Princeton Newport had been indicted under RICO, and the prospect of having to post a huge performance bond forced its shutdown well before the trial.
6. When the job is awarded to the winning bid, a payment and performance bond will then be required as a security to the job completion.
7. The loans, with low interest over a 10-year period, will be agreed upon with the clients having to pay a certain amount as a performance bond,
8. He persuaded his bank to back the performance bond despite one lender's warning that it " is going to take more money than you're worth ."
9. :" Bonded " likely means they have a performance bond, which guarantees that the contractor will meet his or her contractual obligations in a satisfactory manner.
10. No principal payments need be paid for the first eight years, and Lockheed does not have to post a performance bond, which helps the company's balance sheet.