See: “Bond, Completion Bond.”
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A bond that guarantees a lending institution or other mortgagee that a building or other construction that they have lent money on will be completed on time so it can used as collateral on the loan.
The Rantings of the barely human.
See: “Bond, Completion Bond.”
***
A bond that guarantees a lending institution or other mortgagee that a building or other construction that they have lent money on will be completed on time so it can used as collateral on the loan.