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Home > Legal Research > Glossary

Contract bond

Definition
: a bond given to protect a person or business entity against loss caused by a breach of a contract (as for building, construction, or supply)

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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Contract bond