performance bond

Noun

 * 1)  A contractor's bond, guaranteeing that the contractor will perform the contract and providing that, in the event of default, the surety may complete the contract or pay damages up to the bond limit.

Translations

 * Dutch:
 * German: Erfüllungsgarantie
 * Russian: гара́нтия исполне́ния обяза́тельств
 * Spanish: fianza de cumplimiento
 * Tagalog: panagot-ganap