Kennisconsult
bond
- bond
- bond
Zie: obligatie.
Bron: Kennisconsult
A written instrument executed by a bidder or contractor (the principal), and a
second party (the surety or sureties), to assure fulfillment of the principal’s
obligations to a third party (the obligee or agent identified in the bond. If
the principal’s obligations are not met, the bond assures payment, to the extent
stipulated, of any loss sustained by the obligee.
Source: Max Wideman.com
Copyright: Wideman Comparative Glossary
of Common Project Management Terms v3.1 is copyright by R. Max Wideman, March
2002.
- Ondersteunende systemen (support systems) >> Juridische zaken (legal affairs) >> Juridische Zaken, Algemeen (legal affaires, general)
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