surety bond

1. 1.

   a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance

   Synonymsperformance bond

   Broaderbond

Questions about surety bond

What does surety bond mean?

surety bond means "a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance".

What is another word for surety bond?

Close synonyms include performance bond. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is surety bond a common word?

surety bond is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.