Bid Bond

A guarantee that the bond holder will perform the work they have bid on.

Advanced Payment Bond

An instrument to guarantee the performance of the Contractor in fulfilling the contractual obligations and terms.

Performance Bond

A guarantee satisfactory completion of a project by a contractor.

Maintenance Bond

Protects the owner of a completed construction project for a specified time period against defects and faults in materials, workmanship and design that could arise later if the project was done incorrectly.

Contra Bank Guarantee

The definitions

Trade Credit Insurance

An insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.

Money Insurance (In save or in transit)

Covers the loss of your money whilst in transit and whilst in the premise.

Fidelity Guarantee

An insurance policy designed to indemnify the Insured (the employer) for the loss of money or property sustained as a direct result of acts of fraud, theft or dishonesty by an employee in the course of employment.

Credit Life Insurance

A life insurance policy designed to pay off a borrower’s debt if that borrower dies. The face value of a credit life insurance policy decreases proportionately with an outstanding loan amount as the loan is paid off over time until both reach zero value.