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Sigma KEE - PerformanceBond
PerformanceBond
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A bond issued by an insurance company to guarantee satisfactory completion of a project by a contractor.
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Bond |
A debt instrument issued for a period of more than one year with the purpose of raising capital by borrowing. The Federal government, states, cities, corporations, and many other types of institutions sell bonds. A bond is generally a promise to repay the principal along with interest on a specified maturityDate.
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