| 单词 | completion bond |
| 释义 | completion bond noun[C] ukusINSURANCE apromiseby aninsurancecompanyto thepersonorfinancialorganizationfinancingaprojectthat it willprovidethemoneyneededtocompletetheproject,evenif somethingunexpectedhappens. Completionbondsare often used forprojectssuch asfilmproductionandbuildingconstruction, which take alongtimetocomplete: Heneedsacompletionbondwhichguaranteesthebanksthat it willpayallcostoverrunsnecessarytofinishthemovie. Examplesofcompletion bondcompletion bond The parties to thecompletionbondagreement are typically the producer, the financier(s), the completion guarantor company and the distributor(s). From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.The producers maintained the star had gone insane, and they collected a large sum from thecompletionbondcompany. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.For these reasons, completion bonds are typically used on mid- to high-budget independent films. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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