Completion bonding

insurance that a construction contract will be successfully completed.

Similar financial terms

Completion risk
The risk that a project will not be brought into operation successfully.

Completion undertaking
An undertaking either (a) to complete a project such that it meets certain specified performance criteria on or before a certain specified date or (b) to repay project debt if the completion test cannot be met.

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Did you know?

Collection float

The negative float that is created between the time when you deposit a check in your account and the time when funds are made available.


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