Prepayment bond

Prepayment bond

Guaranty by a surety (usually a bank or insurance company) that any prepayment (such as for mobilization) made to a contractor will be secure.

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Part of Speech: noun
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Industry/Domain: Law
Category: Contracts
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Related terms

prepayment bond

Law; Contracts

Guaranty by a surety (usually a bank or insurance company) that any prepayment (such as for mobilization) made to a contractor will be secure.

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Automotive; Automobile

(1) A state of adhesion. (2) The act of connecting two components by means of a glue or adhesive (3) The junction of the weld metal and the base metal.

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Building materials; Concrete

Adhesion of concrete or mortar to reinforcement, or to other surfaces. The adhesion of cement paste to aggregate.

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Natural environment; Coral reefs

A physicochemical association between atoms.

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Banking; Investment banking

Unsecured general debt obligation in the form of a security usually with a fixed interest rate or no interest (zero-coupon bond). With few exceptions (such as perpetual bonds), ...

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Building materials; Tiles

The adherence of one material to another. Effective bonds must be achieved between the mortar and scratch coat, between the tile and mortar, and between the adhesive and backing.