What is the definition of Advance payment bond? | Dictionary.net

ADVANCE PAYMENT BOND

\ɐdvˈans pˈe͡ɪmənt bˈɒnd], \ɐdvˈans pˈe‍ɪmənt bˈɒnd], \ɐ_d_v_ˈa_n_s p_ˈeɪ_m_ə_n_t b_ˈɒ_n_d]\

Definitions of ADVANCE PAYMENT BOND

1910 - Black's Law Dictionary (2nd edition)

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A promise regargind advance payment. If the loss does not occur the money is returned. AKA advance payment guarantee.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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