Definitions for "Deposit Bond"
Guarantees that the purchaser will pay the full deposit by the due date. Institutions which provide deposit bonds act as a guarantor payment will be made.
A gaurantee made by a financial institution that in the event the purchaser defaults from the Contrat the financial institution guarantees to pay the 10% deposi owed to the Vendor.t
a guarantee of payment of the deposit to the vendor if the purchaser defaults
a simple, efficient and inexpensive alternative to cash deposits or bridging finance