The-definition.com

Definition

Contract bond

Contract bond is a type of surety bond guaranteeing that the principal will fulfill all contractual obligations.

Share it:  Cite

More from this Section

  • Activist
    Activist is an economist who views the self-correcting mechanism through wage and price ...
  • Generalized dividend model
    Generalized dividend model is the calculates that the price of stock is determined only ...
  • TT Club
    TT Club means Through Transport Club – London based mutual, which provides ...
  • Nominal effective exchange rate
    Nominal effective exchange rate is the actual foreign exchange quotation, in contradistinction ...
  • Intermediate Products
    Intermediate Products are produced in order to be used in the production of some other ...