Home > Terms > English, UK (UE) > Advance payment bond

Advance payment bond

Guarantee supplied by a party receiving an advance payment to the party advancing the payment. It provides that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled. Also called advance payment guarantee.

This is auto-generated content. You can help to improve it.
0
Improve it
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Law
  • Category: Contracts
  • Company:
  • Product:
  • Acronym-Abbreviation:
More
Collect to Blossary

Other Languages:

More

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: History Category:

Pharos of Alexandria

A tower built on the island of Pharos that became one of the Seven Wonders of the Ancient World. This ancient wonder is also identified as ...

Contributor

Featured blossaries

no name yet

Category: Education   2 1 Terms

Dangerous Dog Breeds

Category: Animals   4 4 Terms

Browers Terms By Category

TERMS

SOCIAL

EXTRAS

SOLUTIONS