Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “bid bond”

bid bond

noun [C]
 
 
an amount of money that a company that makes the lowest bid to do a particular piece of work promises to pay if it then does not do the work: The purpose of the bid bond is to prevent frivolous bidders. A bid bond is often in the form of a financial guarantee from a bank or insurance company.
(Definition of bid bond from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of bid bond?
Add Cambridge dictionaries to your browser to your website

Word of the Day

bad/hard/tough luck

said to express sympathy with someone when something bad has happened to them

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More