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performance bond vs bond certificate

bond certificate vs performance bond

performance bond and bond certificate both are nouns.

Word NounAdjectiveVerbAdverb
performance bond Yes No No No
bond certificate Yes No No No
As nouns, bond certificate is a hypernym of performance bond; that is, bond certificate is a word with a broader meaning than performance bond:
  • performance bond: 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
  • bond certificate: a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
Other hypernyms of performance bond include bond.
performance bond (noun) bond certificate (noun)
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 a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
Difference between performance bond and bond certificate

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