Overview

advance payment bond


'advance payment bond' can also refer to...

 

More Like This

Show all results sharing this subject:

  • Accounting

GO

Show Summary Details

Quick Reference

A guarantee that any advance payments made by a customer will be reimbursed if the company cannot fulfil its obligations under the relevant contract. Such guarantees are normally given by the company’s bankers, who are indemnified by the company.

Subjects: Accounting.


Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.