Completion bond

Completion bond,

Definition of Completion bond:

  1. An investment fund set up for individuals or corporations that have set schedules to finish projects but may not have enough funds to see the projects to the end. This type of bond is common practice with building and entertainment industries that are based on production schedules.

  2. A completion bond is also known as a completion guarantee.

  3. A completion bond is a contract that guarantees monetary compensation if a given project is not finished. It provides protection if the contractor runs out of money or any other budgetary issues come up during the project. Many businesses use completion bonds, including films, video games, and construction projects.

How to use Completion bond in a sentence?

  1. Completion bonds are used for construction projects, in the entertainment industry, and for mortgages.
  2. A completion bond provides more coverage than a performance bond.
  3. A completion bond is a financial contract that guarantees monetary compensation if a given project is not finished.
  4. Completion bonds are often used for complex projects involving large sums of money or multiple investors.

Meaning of Completion bond & Completion bond Definition

COMPLETION BOND,

COMPLETION BOND: What is the Meaning of COMPLETION BOND?

  • COMPLETION BOND can be defined as, Suicide bomber wanted by a bank (or other lender) who mortgaged a building. Guarantee guarantees that the mortgage lender will use the money (including you) for the intended purpose. H uses the construction of buildings or other facilities for which a mortgage was given. This is different from a performance guarantee because the user does not have to be a contractor.

Literal Meanings of COMPLETION BOND

COMPLETION:

Meanings of COMPLETION:
  1. The act or process of removing something.

Sentences of COMPLETION
  1. Funding for the completion of the new building

Synonyms of COMPLETION

execution, consummation, realization, fulfilment, achievement, accomplishment, resolution, finalization

BOND:

Meanings of BOND:
  1. Bonding or bonding tightly with someone else, especially adhesive, from heat or pressure.

  2. Join or join through chemical bonds.

  3. Lay bricks in an overlapping pattern to create a solid structure.

  4. (Taxable goods) Customs.

  5. Relationships between people or groups based on shared feelings, interests or experiences.

  6. The contact between two surfaces or objects, including by adhesive, heat or pressure.

  7. According to the power of law.

  8. The pattern in which the bricks are placed to ensure the strength of the resulting structure.

Sentences of BOND
  1. Press the components to join the layers

  2. Neutral molecules attached to the central atom

  3. The overhanging castle is shaped like a drum, built of stone, with layers of red bricks joining horizontally.

  4. Assets may need to be sold or consolidated to provide liquidity to pay this tax.

  5. There is a relationship of understanding between them

  6. There is no effective link between concrete and steel.

  7. Marriage as a legal bond may be obsolete, but I doubt it.

  8. Link in English

Synonyms of BOND

word, connect, paste, relationship, friendship, gum, glue, association, coalition, promise, secure, fuse, weld, vow, word of honour, alliance, affix, attach, partnership, stick, solemn word, solder, affiliation, cement