permit bond

Definition of "permit bond"
  1. It is a type of licensing bond associated with obtaining a permit or license
How to use "permit bond" in a sentence
  1. The city specified that a permit bond was necessary before construction could commence on the new building.
  2. Prior to receiving authorization to operate, the company needed to provide a permit bond to the local government.
  3. To prevent potential financial damage and ensure compliance with regulations, a permit bond was required by the department of licensing.

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