payment bond
1payment bond — see bond 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2payment bond. — See under contract bond. * * * …
3payment bond. — See under contract bond …
4payment bond — A type of insurance purchased by a builder that protects both the bank and the owner by providing that the insurance company will be responsible for payments due to laborers and other parties who provided services for the building project.… …
5material payment bond — See labor and material payment bond …
6bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure …
7bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in …
8Single-payment bond — A bond that will make only one payment of principal and interest. The New York Times Financial Glossary …
9single-payment bond — A bond that makes only one payment of principal and interest. Bloomberg Financial Dictionary …
10optional payment bond — A bond whose principal and/or interest may be paid in foreign or domestic currency at the discretion of the bondholder. Bloomberg Financial Dictionary …
