Trading TermsPaying bank (or paying agent) Opening Call Clean bills In Play Closed Trades Covered Write
Bid/tender bond
When a party submits a tender for a project, they are making a promise to the other party (known as the principal) that they will sign a contract if their tender is accepted. This assurance is called a bid bond, and it is often in the form of a bank guarantee. This ensures that the principal has a guarantee in place in case the party who submitted the tender fails to follow through on their promise. Bid bonds are an important aspect of the tendering process, providing security and confidence to both parties involved.
Related terms
Understand the meaning and definition of Paying bank (or paying agent) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Opening Call in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Clean bills in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of In Play in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Closed Trades in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Covered Write in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
