completion bond

Definition of "completion bond"
  1. A type of bond where the issuer commits to completing a task or project
How to use "completion bond" in a sentence
  1. The construction company had to get a completion bond to assure that the building project would be finished on time.
  2. The local government required a completion bond for the new park construction.
  3. A completion bond provided assurance to the investor that the project would be finished within the stipulated timeline.
Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z